CONNECTONE BANCORP, INC., 10-K filed on 2/24/2026
Annual Report
v3.25.4
Document And Entity Information - USD ($)
 12 Months Ended
Dec. 31, 2025
Feb. 24, 2026
Jun. 30, 2025
Document Information [Line Items]      
Entity Central Index Key 0000712771    
Entity Registrant Name ConnectOne Bancorp, Inc.    
Amendment Flag false    
Current Fiscal Year End Date --12-31    
Document Fiscal Period Focus FY    
Document Fiscal Year Focus 2025    
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2025    
Document Transition Report false    
Entity File Number 000-11486    
Entity Incorporation, State or Country Code NJ    
Entity Tax Identification Number 52-1273725    
Entity Address, Address Line One 301 Sylvan Avenue    
Entity Address, City or Town Englewood Cliffs    
Entity Address, State or Province NJ    
Entity Address, Postal Zip Code 07632    
City Area Code 844    
Local Phone Number 266-2548    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Public Float     $ 1,100,000,000
Entity Common Stock, Shares Outstanding   50,273,382  
Auditor Firm ID 173    
Auditor Name Crowe LLP    
Auditor Location Livingston, New Jersey    
Depositary Shares [Member]      
Document Information [Line Items]      
Title of 12(b) Security Depositary Shares (each representing a 1/40th interest in a share of 5.25% Series A Non-Cumulative, perpetual preferred stock)    
Trading Symbol CNOBP    
Security Exchange Name NASDAQ    
Common Stock [Member]      
Document Information [Line Items]      
Title of 12(b) Security Common Stock, no par value    
Trading Symbol CNOB    
Security Exchange Name NASDAQ    
v3.25.4
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets [Abstract]    
Cash and due from banks $ 92,406 $ 57,816
Interest-bearing deposits with banks 288,489 298,672
Cash and cash equivalents 380,895 356,488
Investment securities 1,250,938 612,847
Equity securities 19,287 20,092
Loans held-for-sale 391 743
Loans receivable 11,453,280 8,274,810
Less: Allowance for credit losses - loans 154,305 82,685
Net loans receivable 11,298,975 8,192,125
Investment in restricted stock, at cost 54,722 40,449
Bank premises and equipment, net 55,285 28,447
Accrued interest receivable 60,761 45,498
Bank owned life insurance 370,713 243,672
Right of use operating lease assets 29,603 14,489
Goodwill 220,235 208,372
Other assets 200,972 111,739
Total assets 14,002,700 9,879,600
Deposits:    
Noninterest-bearing 2,420,397 1,422,044
Interest-bearing 8,820,218 6,398,070
Total deposits 11,240,615 7,820,114
Borrowings 903,489 688,064
Subordinated debentures, net of debt issuance costs 201,864 79,944
Operating lease liabilities 32,446 15,498
Other Liabilities 50,946 34,276
Total liabilities 12,429,360 8,637,896
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY    
$1,000 per share liquidation preference; Authorized 5,000,000 shares; issued 115,000 shares as of December 31, 2025 and as of December 31, 2024; outstanding 115,000 shares as of December 31, 2025 and as of December 31, 2024 110,927 110,927
Authorized 100,000,000 shares; issued 54,157,402 shares as of December 31, 2025 and 42,255,865 shares as of December 31, 2024; outstanding 50,271,854 shares as of December 31, 2025 and 38,370,317 as of December 31, 2024 857,765 586,946
Additional paid-in capital 38,763 36,347
Retained earnings 673,897 631,446
Treasury stock, at cost: 3,885,548 common shares as of December 31, 2025 and December 31, 2024 (76,116) (76,116)
Accumulated other comprehensive loss (31,896) (47,846)
Total stockholders’ equity 1,573,340 1,241,704
Total liabilities and stockholders’ equity 14,002,700 9,879,600
Core Deposits [Member]    
Assets [Abstract]    
Core deposit intangibles $ 59,923 $ 4,639
v3.25.4
Consolidated Statements of Financial Condition (Parentheticals) - $ / shares
Dec. 31, 2025
Dec. 31, 2024
Preferred stock, liquidation preference (in dollars per share) $ 1,000 $ 1,000
Preferred stock, shares authorized (in shares) 5,000,000 5,000,000
Preferred stock, shares issued (in shares) 115,000 115,000
Preferred stock, shares outstanding (in shares) 115,000 115,000
Preferred stock, par value (in dollars per share) $ 0 $ 0
Common stock, par value (in dollars per share) $ 0 $ 0
Common stock, shares authorized (in shares) 100,000,000 100,000,000
Common stock, shares issued (in shares) 54,157,402 42,255,865
Common stock, shares outstanding (in shares) 50,271,854 38,370,317
Treasury Stock, Common, Shares (in shares) 3,885,548 3,885,548
v3.25.4
Consolidated Statements of Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest and fees on loans $ 581,136 $ 477,859 $ 453,992
Interest and dividends on investment securities:      
Taxable 36,085 18,561 16,666
Tax-exempt 6,525 4,503 4,641
Dividends 3,694 4,349 3,662
Interest on federal funds sold and other short-term investments 17,428 12,617 11,104
Total interest income 644,868 517,889 490,065
Interest expense:      
Deposits 260,294 244,846 206,176
Borrowings 31,323 25,706 28,783
Total interest expense 291,617 270,552 234,959
Net interest income 353,251 247,337 255,106
Provision for credit losses 47,000 13,800 8,200
Net interest income after provision for credit losses 306,251 233,537 246,906
Noninterest income:      
Deposit, loan and other income 11,701 6,861 6,098
Defined benefit pension plan curtailment gain 3,501 0 0
Employee retention tax credit 6,608 0 0
Income on bank owned life insurance 9,548 7,142 6,316
Net gains on sale of loans held-for-sale 2,003 2,723 1,704
Net gains (losses) on equity securities 1,704 2 (117)
Total noninterest income 35,065 16,728 14,001
Noninterest expense:      
Salaries and employee benefits 111,423 90,053 88,223
Occupancy and equipment 16,545 11,615 10,884
FDIC insurance 8,600 7,200 8,365
Professional and consulting 10,801 8,447 7,547
Marketing and advertising 3,180 2,420 1,965
Information technology and communications 20,005 17,574 14,340
Restructuring and exit charges 994 0 0
Merger expenses 34,461 1,605 0
Branch closing expenses 1,275 477 0
Bank owned life insurance restructuring charge 327 0 0
Amortization of core deposit intangible 7,922 1,235 1,438
Other expenses 13,040 11,172 11,187
Total noninterest expenses 228,573 151,798 143,949
Income before income tax expense 112,743 98,467 116,958
Income tax expense (benefit) 32,300 24,674 29,955
Net income 80,443 73,793 87,003
Preferred dividends 6,036 6,036 6,036
Net income available to common stockholders $ 74,407 $ 67,757 $ 80,967
Earnings per common share:      
Basic (in dollars per share) $ 1.64 $ 1.77 $ 2.08
Diluted (in dollars per share) $ 1.63 $ 1.76 $ 2.07
v3.25.4
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net income $ 80,443 $ 73,793 $ 87,003
Other comprehensive income (loss), net of tax:      
Net unrealized holding gains (losses) on available-for-sale-securities arising during period 28,980 (11,856) 3,940
Net unrealized losses on cash flow hedges (14,577) (2,329) (7,550)
Pension plan adjustments 1,547 1,448 865
Total other comprehensive income (loss), net of tax 15,950 (12,737) (2,745)
Total comprehensive income $ 96,393 $ 61,056 $ 84,258
v3.25.4
Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Performance Shares [Member]
Preferred Stock [Member]
Performance Shares [Member]
Common Stock [Member]
Performance Shares [Member]
Additional Paid-in Capital [Member]
Performance Shares [Member]
Retained Earnings [Member]
Performance Shares [Member]
Treasury Stock, Common [Member]
Performance Shares [Member]
AOCI Attributable to Parent [Member]
Performance Shares [Member]
Restricted Stock Units (RSUs) [Member]
First of Long Island Corporation [Member]
Preferred Stock [Member]
Restricted Stock Units (RSUs) [Member]
First of Long Island Corporation [Member]
Common Stock [Member]
Restricted Stock Units (RSUs) [Member]
First of Long Island Corporation [Member]
Additional Paid-in Capital [Member]
Restricted Stock Units (RSUs) [Member]
First of Long Island Corporation [Member]
Retained Earnings [Member]
Restricted Stock Units (RSUs) [Member]
First of Long Island Corporation [Member]
Treasury Stock, Common [Member]
Restricted Stock Units (RSUs) [Member]
First of Long Island Corporation [Member]
AOCI Attributable to Parent [Member]
Restricted Stock Units (RSUs) [Member]
First of Long Island Corporation [Member]
Restricted Stock Units (RSUs) [Member]
Preferred Stock [Member]
Restricted Stock Units (RSUs) [Member]
Common Stock [Member]
Restricted Stock Units (RSUs) [Member]
Additional Paid-in Capital [Member]
Restricted Stock Units (RSUs) [Member]
Retained Earnings [Member]
Restricted Stock Units (RSUs) [Member]
Treasury Stock, Common [Member]
Restricted Stock Units (RSUs) [Member]
AOCI Attributable to Parent [Member]
Restricted Stock Units (RSUs) [Member]
First of Long Island Corporation [Member]
Preferred Stock [Member]
First of Long Island Corporation [Member]
Common Stock [Member]
First of Long Island Corporation [Member]
Additional Paid-in Capital [Member]
First of Long Island Corporation [Member]
Retained Earnings [Member]
First of Long Island Corporation [Member]
Treasury Stock, Common [Member]
First of Long Island Corporation [Member]
AOCI Attributable to Parent [Member]
First of Long Island Corporation [Member]
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Treasury Stock, Common [Member]
AOCI Attributable to Parent [Member]
Total
Balance at Dec. 31, 2022                                                         $ 110,927 $ 586,946 $ 30,126 $ 535,915 $ (52,799) $ (32,364) $ 1,178,751
Net income                                                         0 0 0 87,003 0 0 87,003
Other comprehensive income (loss), net of tax                                                         0 0 0 0 0 (2,745) (2,745)
Cash dividends declared on preferred stock                                                         0 0 0 (6,036) 0 0 (6,036)
Cash dividends declared on common stock                                                         0 0 0 (25,912) 0 0 (25,912)
Exercise of stock options                                                         0 0 96 0 0 0 96
Restricted stock grants, net of forfeitures                                                         0 0 0 0 0 0 0
Stock grants                                                         0 0 0 0 0 0 0
Net shares issued in satisfaction of units earned $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0                                           0 0 0 0 0 0 0
Share redemption for tax withholdings                                                         0 0 (1,900) 0 0 0 (1,900)
Repurchase of stock                                                         0 0 0 0 (17,497) 0 (17,497)
Stock-based compensation expense                                                         0 0 4,860 0 0 0 4,860
Balance at Dec. 31, 2023                                                         110,927 586,946 33,182 590,970 (70,296) (35,109) 1,216,620
Net income                                                         0 0 0 73,793 0 0 73,793
Other comprehensive income (loss), net of tax                                                         0 0 0 0 0 (12,737) (12,737)
Cash dividends declared on preferred stock                                                         0 0 0 (6,036) 0 0 (6,036)
Cash dividends declared on common stock                                                         0 0 0 (27,281) 0 0 (27,281)
Restricted stock grants, net of forfeitures                                                         0 0 0 0 0 0 0
Stock grants                                                         0 0 0 0 0 0 0
Net shares issued in satisfaction of units earned 0 0 0 0 0 0 0               $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0                            
Share redemption for tax withholdings                                                         0 0 (1,403) 0 0 0 (1,403)
Repurchase of stock                                                         0 0 0 0 (5,820) 0 (5,820)
Stock-based compensation expense                                                         0 0 4,568 0 0 0 4,568
Balance at Dec. 31, 2024                                                         110,927 586,946 36,347 631,446 (76,116) (47,846) 1,241,704
Net income                                                         0 0 0 80,443 0 0 80,443
Other comprehensive income (loss), net of tax                                                         0 0 0 0 0 15,950 15,950
Cash dividends declared on preferred stock                                                         0 0 0 (6,036) 0 0 (6,036)
Cash dividends declared on common stock                                                         0 0 0 (31,956) 0 0 (31,956)
Restricted stock grants, net of forfeitures                                                         0 0 0 0 0 0 0
Stock grants                                                         0 0 0 0 0 0 0
Net shares issued in satisfaction of units earned 0 0 0 0 0 0 0               $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0                            
Share redemption for tax withholdings $ 0 $ 0 $ (1,725) $ 0 $ 0 $ 0 $ (1,725) $ 0 $ 0 $ (507) $ 0 $ 0 $ 0 $ (507)                                          
Stock-based compensation expense                                                         0 0 4,648 0 0 0 4,648
Stock issued in connection with FLIC merger (11,790,116 shares)                                           $ 0 $ 270,819 $ 0 $ 0 $ 0 $ 0 $ 270,819              
Balance at Dec. 31, 2025                                                         $ 110,927 $ 857,765 $ 38,763 $ 673,897 $ (76,116) $ (31,896) $ 1,573,340
v3.25.4
Consolidated Statements of Changes in Stockholders' Equity (Parentheticals) - $ / shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Performance Shares [Member]      
Net shares issued in satisfaction of units earned, shares (in shares) 19,577 24,070 52,353
Shares withheld for tax (in shares) 23,754    
Restricted Stock Units (RSUs) [Member] | First of Long Island Corporation [Member]      
Shares withheld for tax (in shares) 22,638    
Restricted Stock Units (RSUs) [Member]      
Net shares issued in satisfaction of units earned, shares (in shares) 42,621 37,542  
Shares withheld for tax (in shares) 48,743    
First of Long Island Corporation [Member]      
Stock issued in connection with FLIC merger (in shares) 11,790,116    
Cash dividend declared on preferred stock, per share (in dollars per share) $ 1.3125 $ 1.3125 $ 1.3125
Cash dividends declared on common stock, per share (in dollars per share) $ 0.72 $ 0.71 $ 0.665
Exercise of options, shares (in shares)     7,388
Restricted stock grants, shares (in shares) 70,533 69,772 84,057
Stock grants, shares (in shares) 1,328 1,533 995
Net shares issued in satisfaction of units earned, shares (in shares)     36,006
Repurchase of treasury stock, shares (in shares)   282,370 904,152
v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net income $ 80,443 $ 73,793 $ 87,003
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of premises and equipment 6,087 4,422 4,503
Provision for credit losses 47,000 13,800 8,200
Amortization of intangibles 7,922 1,235 1,438
Net accretion of loans (23,902) (879) (1,904)
Accretion on bank premises 0 (49) (49)
Amortization (accretion) on deposits 1,236 (88) (279)
Amortization on borrowings 22 22 21
Net deferred income tax (benefit) expense (2,772) (2,040) 4,135
Loss on bank owned life insurance policy exchange 327 0 0
Stock-based compensation 4,648 4,568 4,860
(Gain) loss on equity securities, net (1,704) (2) 117
Gain on sale of loans held-for-sale, net (2,003) (2,723) (1,704)
Loans originated for resale (30,321) (29,340) (26,153)
Proceeds from sale of loans held-for-sale 32,676 31,320 36,645
Net loss on disposition of fixed assets 1,275 477 0
Net loss on sale of other real estate owned 0 0 22
Accretion of cash surrender value of bank owned life insurance (9,548) (7,142) (6,316)
Accretion of discounts and amortization of premium on securities available-for-sale (746) 793 1,030
Amortization of subordinated debt issuance costs 645 505 1,184
(Increase) decrease in accrued interest receivable (1,327) 3,610 (3,046)
Net change in operating leases (1,042) (155) (54)
(Increase) decrease in other assets (10,628) 8,691 (7,514)
Increase (decrease) in other liabilities 8,110 (40,118) (9,248)
Net cash provided by operating activities 106,398 60,700 92,891
Cash flows from investing activities      
Purchases (441,441) (80,519) (42,143)
Sales 277,477 0 0
Maturities, calls and principal repayments 161,768 69,651 64,550
Purchases of equity securities (1,825) (1,526) (2,870)
Proceeds from equity securities sold 4,334 0 0
Net redemptions (purchases) of restricted investment in bank stocks 10,003 11,008 (4,853)
Loans held-for-sale payments 0 0 25
Net (increase) decrease in loans (246,232) 57,941 (255,556)
Proceeds from sale of other real estate owned 0 0 242
Proceeds from bank owned life insurance 278 1,114 0
Purchases of premises and equipment (5,389) (3,793) (7,433)
Proceeds from disposition of fixed assets 0 1,275 0
Cash acquired, net of cash consideration paid in acquisition 54,869 0 0
Net cash (used in) provided by investing activities (186,158) 55,151 (248,038)
Cash flows from financing activities      
Net increase in deposits 168,118 284,000 179,859
Proceeds from issuance of subordinated debt 200,000 0 0
Redemption of subordinated debt (75,000) 0 (75,000)
Payment of subordinated debt issuance costs (3,725) 0 0
Proceeds from FHLB borrowings 966,000 866,529 2,946,500
Repayment of FHLB borrowings (1,111,002) (1,112,066) (2,870,564)
Cash dividends paid on preferred stock (6,036) (6,036) (6,036)
Cash dividends paid on common stock (31,956) (27,281) (25,912)
Purchase of treasury stock 0 (5,820) (17,497)
Proceeds from exercise of stock options 0 0 96
Share redemption for tax withholdings on performance units and deferred stock units earned (2,232) (1,403) (1,900)
Net cash provided by (used in) financing activities 104,167 (2,077) 129,546
Net change in cash and cash equivalents 24,407 113,774 (25,601)
Cash and cash equivalents at beginning of period 356,488 242,714 268,315
Cash and cash equivalents at end of period 380,895 356,488 242,714
Supplemental disclosures of cash flow information:      
Interest paid 286,294 270,946 230,806
Income taxes paid 43,739 24,001 31,647
Supplemental disclosures of noncash investing activities:      
Transfer of loans held-for-sale to loans held-for-investment 0 0 16,156
Transfer of loans held-for-investment to loans held-for-sale 0 0 11,197
First of Long Island Corporation [Member]      
Supplemental disclosures of noncash investing activities:      
Fair value of assets acquired 3,905,094 0 0
Fair value of liabilities assumed 3,641,505 0 0
Stock issued in connection with FLIC merger $ 270,819 $ 0 $ 0
v3.25.4
Award Timing Disclosure
 12 Months Ended
Dec. 31, 2025
Award Tmg Disc Line Items  
Award Timing MNPI Considered [Flag] true
v3.25.4
Insider Trading Arrangements
 12 Months Ended
Dec. 31, 2025
Trading Arrangements, by Individual [Table]  
Material Terms of Trading Arrangement [Text Block]

Item 9B. Other Information

 

None.

 
Rule 10b5-1 Arrangement Adopted [Flag] false
Rule 10b5-1 Arrangement Terminated [Flag] false
Non-Rule 10b5-1 Arrangement Terminated [Flag] false
Non-Rule 10b5-1 Arrangement Adopted [Flag] false
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted [Flag] true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]

Item 1C. Cybersecurity

 

Cybersecurity Risk Management, Strategy and Governance

 

Cybersecurity is a material part of ConnectOne’s business. As a financial institution offering products through multiple digital delivery channels, cybersecurity incidents could have a material effect on the Company, its results of operations and its reputation, although to date the Company has not experienced any cybersecurity incident which has had a material effect on the Company’s business strategy, results of operations or financial condition. See “Item 1A- Risk Factors - We cannot predict how changes in technology will impact our business; increased use of technology may expose us to service interruptions or breaches in security.”

 

Cybersecurity risk is initially overseen at ConnectOne by the management IT Committee (the “ITC”). The members of this committee include, as co-chairs, the Chief Compliance Officer and the Chief Data & Development Officer. Additional members are our Information Security Officer, Information Technology (“IT”) Manager, Chief Risk Officer, Chairman & Chief Executive Officer, Chief Digital Officer and Chief Brand and Innovation Officer. Set forth below is certain background information regarding the senior members of the ITC:

 

 

●

Sharif Alexandre, Chief Data & Development Officer – Mr. Alexandre leads the software development and data management teams at the Bank. He has over 20 years of industry experience, including managing information technology and software development teams for organizations ranging from technology startups to Fortune 500 companies. His prior experience at the Bank also includes the oversight of IT operations. 

   
 

●

Laura Criscione, Chief Compliance Officer – Ms. Criscione oversees the company’s compliance and information security functions. She has more than 30 years of experience in the financial services industry, with an extensive background in overseeing compliance and IT operations.

   
 ●Mark Pappas, Chief Risk Officer – Mr. Pappas oversees entity-wide risk management, including cybersecurity-related risks. He previously served as Executive Vice President and Chief Risk Officer for Amalgamated Bank and as Director of Internal Audit for Alma Bank.
   
 ●Ali Mattera, Chief Digital Officer – Ms. Mattera has over 19 years of experience in the financial services industry, including 13 years in IT leadership. Throughout her career at various financial institutions, she has been responsible for technology and digital strategy, enterprise program management, data analytics, and IT service management.

 

In addition to the members above, Frank Sorrentino III, Chairman & Chief Executive Officer and Siya Vansia, Chief Brand & Innovation Officer are also members of the ITC due to their roles in overseeing entity-wide management.

 

 

 

In order to ensure that cybersecurity risk management is integrated into the Company’s overall risk management plans, systems and processes, members of the ITC, along with other lines of business heads, report to the management Enterprise Risk Management Committee (the “ERMC”), which in turn reports to the Board Risk Committee quarterly. The ERMC consists of the Company’s Chief Risk Officer, Chairman & CEO, President, Chief Financial Officer, Treasurer & Chief Corporate Development Officer, Chief Compliance Officer, Chief Data & Development Officer , General Counsel and Chief Credit Officer. In addition, the Company’s Chief Data & Development Officer attends Company Board of Directors meetings and provides an IT report at each meeting.

 

The Company’s cybersecurity risk mitigation program involves a combination of internal resources and the use of third parties. The Company’s internal IT team performs monthly vulnerability scanning and performs an annual risk assessment based on the National Institute of Standards and Technology Cybersecurity Framework. The results are reported to the ITC. The Company’s IT and compliance staff also review potential cybersecurity threats associated with the Company’s third-party vendors, including performing a review of and obtaining a System of Organization Controls report from all vendors rated as “high risk” by the Company’s internal vendor management program. The Company also has an internal Incident Response Plan and Team, which is charged with overseeing the Company’s response to any cybersecurity incident. The team performs a table-top exercise at least annually to prepare to respond in the event of any actual cybersecurity incident.

 

In addition to these internal resources, the Company uses a third-party vendor to undertake annual penetration and vulnerability testing, with the results reported to the ITC. Finally, the Company’s cybersecurity compliance program is audited by the Bank’s outsourced internal auditor.

 

The Company also maintains insurance which may provide coverage for expenses and certain losses incurred in connection with a cybersecurity incident.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] Cybersecurity is a material part of ConnectOne’s business. As a financial institution offering products through multiple digital delivery channels, cybersecurity incidents could have a material effect on the Company, its results of operations and its reputation, although to date the Company has not experienced any cybersecurity incident which has had a material effect on the Company’s business strategy, results of operations or financial condition. See “Item 1A- Risk Factors - We cannot predict how changes in technology will impact our business; increased use of technology may expose us to service interruptions or breaches in security.”
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block] Cybersecurity is a material part of ConnectOne’s business. As a financial institution offering products through multiple digital delivery channels, cybersecurity incidents could have a material effect on the Company, its results of operations and its reputation, although to date the Company has not experienced any cybersecurity incident which has had a material effect on the Company’s business strategy, results of operations or financial condition. See “Item 1A- Risk Factors - We cannot predict how changes in technology will impact our business; increased use of technology may expose us to service interruptions or breaches in security.”
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] Cybersecurity risk is initially overseen at ConnectOne by the management IT Committee (the “ITC”). The members of this committee include, as co-chairs, the Chief Compliance Officer and the Chief Data & Development Officer. Additional members are our Information Security Officer, Information Technology (“IT”) Manager, Chief Risk Officer, Chairman & Chief Executive Officer, Chief Digital Officer and Chief Brand and Innovation Officer. Set forth below is certain background information regarding the senior members of the ITC:
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] Cybersecurity risk is initially overseen at ConnectOne by the management IT Committee (the “ITC”). The members of this committee include, as co-chairs, the Chief Compliance Officer and the Chief Data & Development Officer. Additional members are our Information Security Officer, Information Technology (“IT”) Manager, Chief Risk Officer, Chairman & Chief Executive Officer, Chief Digital Officer and Chief Brand and Innovation Officer. Set forth below is certain background information regarding the senior members of the ITC:
Cybersecurity Risk Role of Management [Text Block] Cybersecurity risk is initially overseen at ConnectOne by the management IT Committee (the “ITC”). The members of this committee include, as co-chairs, the Chief Compliance Officer and the Chief Data & Development Officer. Additional members are our Information Security Officer, Information Technology (“IT”) Manager, Chief Risk Officer, Chairman & Chief Executive Officer, Chief Digital Officer and Chief Brand and Innovation Officer. Set forth below is certain background information regarding the senior members of the ITC:
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] Cybersecurity risk is initially overseen at ConnectOne by the management IT Committee (the “ITC”). The members of this committee include, as co-chairs, the Chief Compliance Officer and the Chief Data & Development Officer. Additional members are our Information Security Officer, Information Technology (“IT”) Manager, Chief Risk Officer, Chairman & Chief Executive Officer, Chief Digital Officer and Chief Brand and Innovation Officer. Set forth below is certain background information regarding the senior members of the ITC:
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Cybersecurity risk is initially overseen at ConnectOne by the management IT Committee (the “ITC”). The members of this committee include, as co-chairs, the Chief Compliance Officer and the Chief Data & Development Officer. Additional members are our Information Security Officer, Information Technology (“IT”) Manager, Chief Risk Officer, Chairman & Chief Executive Officer, Chief Digital Officer and Chief Brand and Innovation Officer. Set forth below is certain background information regarding the senior members of the ITC:
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] In order to ensure that cybersecurity risk management is integrated into the Company’s overall risk management plans, systems and processes, members of the ITC, along with other lines of business heads, report to the management Enterprise Risk Management Committee (the “ERMC”), which in turn reports to the Board Risk Committee quarterly. The ERMC consists of the Company’s Chief Risk Officer, Chairman & CEO, President, Chief Financial Officer, Treasurer & Chief Corporate Development Officer, Chief Compliance Officer, Chief Data & Development Officer , General Counsel and Chief Credit Officer. In addition, the Company’s Chief Data & Development Officer attends Company Board of Directors meetings and provides an IT report at each meeting.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
Note 1a - Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

Note 1a – Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies

 

Nature of Operations

 

ConnectOne Bancorp, Inc. (the “Parent Corporation”) is incorporated under the laws of the State of New Jersey and is a registered bank holding company under the Bank Holding Company Act of 1956, as amended (the “BHCA”). The Parent Corporation’s business currently consists of the operation of its wholly-owned subsidiary, ConnectOne Bank (the “Bank” and, collectively with the Parent Corporation and the Parent Corporation’s subsidiaries, the “Company”) and making certain limited investments. The Bank’s direct and indirect subsidiaries include Union Investment Co. (a New Jersey investment company), Twin Bridge Investment Co. (a Delaware investment company), ConnectOne Preferred Funding Corp. (a New Jersey real estate investment trust), Center Financial Group, LLC (a New Jersey financial services company), Center Advertising, Inc. (a New Jersey advertising company), Morris Property Company, LLC, (a New Jersey limited liability company), Volosin Holdings, LLC, (a New Jersey limited liability company), NJCB Spec-1, LLC (a New Jersey limited liability company), Port Jervis Holdings, LLC (a New Jersey limited liability company), BONJ Special Properties, LLC (a New Jersey limited liability company), The First of Long Island REIT (a New York real estate investment trust), FNY Service Corp (a New York investment company) and BoeFly, Inc. (a New Jersey financial technology company).

 

The Bank is a community-based, full-service New Jersey-chartered commercial bank that was founded in 2005. The Bank operates from its headquarters located at 301 Sylvan Avenue in the Borough of Englewood Cliffs, Bergen County, New Jersey and through its 58 other banking offices. On June 1, 2025, the Company completed its acquisition of The First of Long Island Corporation ("FLIC") and the First National Bank of Long Island ("FNBLI"), FLIC’s wholly owned subsidiary depository institution, which was merged into the Bank. See Note 2. Substantially all loans are secured with various types of collateral, including business assets, consumer assets and commercial/residential real estate. Each borrower’s ability to repay their loans is dependent on the conversion of assets, cash flows generated from the borrowers’ business, real estate rental and consumer wages.

 

Basis of Presentation and Principals of Consolidation

 

The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles. The consolidated financial statements of the Parent Corporation are prepared on an accrual basis and include the accounts of the Parent Corporation and the Company. All significant intercompany accounts and transactions have been eliminated from the accompanying consolidated financial statements.

 

Segments

 

FASB ASC 28, “Segment Reporting,” requires companies to report certain information about operating segments. The Company is managed as one segment: a community bank. All decisions including but not limited to loan growth, deposit funding, interest rate risk, credit risk and pricing are determined after assessing the effect on the totality of the organization. For example, loan growth is dependent on the ability of the organization to fund this growth through deposits or other borrowings. As a result, the Company is managed as one operating segment. See Note 24 for disclosures related to the reportable segment.

 

Use of Estimates

 

In preparing the consolidated financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the consolidated statements of condition and that affect the results of operations for the periods presented. Actual results could differ significantly from those estimates.

 

 

 

 

Summary of Significant Accounting Policies

 

Cash and Cash Equivalents

 

Cash and cash equivalents include cash, deposits with other financial institutions with maturities of less than 90 days, and federal funds sold. Net cash flows are reported for client loan and deposit transactions, interest-bearing deposits in other financial institutions, and federal funds purchased and repurchase agreements.

 

Investment Securities

 

The Company accounts for its investment securities in accordance with FASB ASC 320, “Investments-Debt and Equity Securities”. Investments are classified into the following categories: (1) held-to-maturity securities, for which the Company has both the positive intent and ability to hold until maturity, which are reported at amortized cost; (2) trading securities, which are purchased and held principally for the purpose of selling in the near term and are reported at fair value with unrealized gains and losses included in earnings; and (3) available-for-sale securities, which do not meet the criteria of the other two categories and which management believes may be sold prior to maturity due to changes in interest rates, prepayment risk, liquidity or other factors, and are reported at fair value, with unrealized gains and losses, net of applicable income taxes, reported as a component of accumulated other comprehensive income, which is included in stockholders’ equity and excluded from earnings.

 

Investment securities are adjusted for amortization of premiums and accretion of discounts as adjustments to interest income, which are recognized on a level yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Investment securities gains or losses are determined using the specific identification method.

 

Investment securities available-for-sale are carried at fair value, with unrealized holding gains and losses reported in comprehensive income, net of tax. Interest income includes amortization of purchase premiums or discounts. Premiums and discounts on securities are generally amortized using the level-yield method without estimating prepayments, except for mortgage-backed securities, where prepayment rates are estimated. Premiums on callable investment securities are amortized to their earliest call date. Gains and losses on sales of securities are recorded on the trade date and determined using the specific identification method.

 

 

 

For available-for-sale investment securities which are in an unrealized loss position, the Company will first assess whether we intend to sell, or it is more likely than not, that we will be required to sell the security before recovery of the amortized cost basis. If either of the criteria is met, the amortized cost basis of the security is written down to fair value through income. For available-for-sale investment securities that do not meet the aforementioned criteria, we evaluate whether the decline in fair value has resulted from an actual or estimated credit loss event or other factors. In making this assessment, we consider the extent to which fair value is less than amortized cost, changes to the rating of the security, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss is likely, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of the cash flows expected to be collected is less than the amortized cost basis, an allowance for credit losses is recorded for the estimated credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit loss is recognized in other comprehensive income, net of tax. The Company elected the practical expedient of zero loss estimates for securities issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major agencies and have a long history of no credit losses.

 

Equity Securities

 

The Company’s investments in equity securities are recorded at fair value, with unrealized gains and losses included in earnings.

 

Loans Held-for-Sale

 

Residential mortgage loans, originated and intended for sale in the secondary market, are carried at the lower of aggregate cost or estimated fair value as determined by outstanding commitments from investors. For these loans originated and intended for sale, gains and losses on loan sales (sale proceeds minus carrying value) are recorded in other income and direct loan origination costs and fees are deferred at origination of the loan and are recognized in other income upon sale of the loan.

 

Other loans held-for-sale are carried at the lower of aggregate cost or estimated fair value. Fair value on these loans is determined based on the terms of the loan, such as interest rate, maturity date, and reset term, as well as sales of similar assets.

 

Loans

 

Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of deferred loan fees and costs, purchase premium and discounts and an allowance for credit losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments.

 

Loan segments are defined as a group of loans, which share similar initial measurement attributes, risk characteristics, and methods for monitoring and assessing credit risk. Management has determined that the Company has five segments of loans: commercial, commercial real estate, commercial construction, residential real estate (including home equity) and consumer.

 

 

Loans that are 90 days past due are placed on nonaccrual and previously accrued interest is reversed and charged against interest income unless the loans are both well-secured and in the process of collection. Past due status is based on the contractual terms of the loan. In certain cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual loans include both homogeneous loans that are collectively evaluated for credit losses and loans individually analyzed for credit losses.

 

All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

 

The policy of the Company is to grant commercial, residential and consumer loans to residents and businesses within the market-areas served by its offices in New Jersey, New York and Florida. The borrowers’ abilities to repay their obligations are dependent upon various factors including the borrowers’ income and net worth, cash flows generated by the borrowers’ underlying collateral, value of the underlying collateral, and priority of the lender’s lien on the property. Such factors are dependent upon various economic conditions and individual circumstances beyond the control of the Company. The Company is therefore subject to risk of loss. The Company believes its lending policies and procedures adequately minimize the potential exposure to such risks and that adequate provisions for credit losses are provided for all known and inherent risks. Collateral and/or personal guarantees are required for a large majority of the Company’s loans.

 

Allowance for Credit Losses

 

The allowance for credit losses is an estimate of current expected credit losses considering available information relevant to assessing the collectability of cash flows over the contractual term of the financial assets necessary to cover lifetime expected credit losses inherent in financial assets at the balance sheet date. The measurement of expected credit losses is applicable to loans receivable and investment securities measured at amortized cost. It also applies to off-balance-sheet credit exposures such as loan commitments and unused lines of credit. Loan losses are charged against the allowance for credit losses when the Company believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance for credit losses. The allowance is established through a provision for credit losses that is charged against income. The methodology for determining the allowance for credit losses is considered a critical accounting policy by management because of the high degree of judgment involved, the subjectivity of the assumptions used, and the potential for changes in the forecasted economic environment that could result in changes to the amount of the recorded allowance for credit losses. The expected credit loss for unfunded loan commitments is reported on the consolidated statement of financial condition in other liabilities.

 

For financial assets, the allowance for credit losses is a valuation account that is deducted from, or added to, the amortized cost basis of the financial assets to present the net amount expected to be collected on the financial assets. The Company's methodology to estimate the allowance for credit losses has two components: (i) a collective reserve component for estimated lifetime expected credit losses for pools of loans that share common risk characteristics and (ii) an individual reserve component for loans that do not share common risk characteristics. The Company maintains an allowance for unfunded credit commitments mainly consisting of undisbursed non-cancellable lines of credit, new loan commitments and commercial letters of credit.

 

Information relevant to establishing an estimate of current expected credit losses includes historical credit loss experience on financial assets with similar risk characteristics, current conditions, and reasonable and supportable forecasts that affect the collectability of the remaining cash flows over the contractual term of the financial assets. The Company reports in net income (as a credit loss expense) the amount necessary to adjust the allowance for credit losses and liabilities for credit losses on off-balance-sheet credit exposures for the current estimate of expected credit losses.

 

 

Expected credit losses of financial assets are measured on a collective (pooled) basis when similar risk characteristic(s) exist. If the Company determines that a financial asset does not share risk characteristics with other financial assets, the Company will evaluate the financial asset for expected credit losses on an individual basis. Financial assets are assessed once, either through collective assessments or individual assessments. For pooled loan segments, utilizing a quantitative analysis, the Company calculates estimated credit losses using a probability of default and loss given default methodology, the results of which are applied to the aggregated discounted cash flow of each individual loan within the segment. In the absence of relevant and reliable internal data, probability of default and loss given default rates are determined using peer data. The point in time probability of default and loss given default are then conditioned by macroeconomic scenarios to incorporate reasonable and supportable forecasts that affect the collectability of the reported amount. Financial assets may be segmented based on one characteristic, or a combination of characteristics. Examples of risk characteristics relevant to the Company’s evaluation include, but were not limited to: (1) Internal or external credit scores or credit ratings, (2) Risk ratings or classifications, (3) Financial asset type, (4) Collateral type, (5) Size, (6) Effective interest rate, (7) Term, (8) Geographical location, (9) Industry of the borrower and (10) Vintage.

 

The Company’s quantitative analysis also considers relevant available information from internal and external sources related to past events and current conditions, as well as the incorporation of reasonable and supportable forecasts. The Company evaluates a variety of factors including third-party economic forecasts, industry trends and other available published economic information in arriving at its forecasts. After the reasonable and supportable forecast period, the Company reverts, on a straight-line basis, to average historical losses. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate.

 

Included in the allowance for credit losses are qualitative reserves to cover losses that are expected but, in the Company’s assessment, may not be adequately represented in the quantitative analysis or the forecasts described above. Each qualitative loss factor, for each loan segment within the portfolio, incorporates consideration for a minimum to maximum range for loss factors derived from either the Company’s historical loss experience, or peer group historical charge-off experience. These qualitative factor adjustments may increase or decrease the Company’s estimate of expected credit losses and are applied to each loan segment.

 

The Bank evaluates individual instruments for expected credit losses when those instruments do not share similar risk characteristics with instruments evaluated using a collective (pooled) basis. The Company evaluates the pooling methodology at least annually. Loans transition from defined segments to individual analysis when credit characteristics, or risk traits, change in a material manner. A loan is considered for individual analysis when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by the Company in determining individual analysis include payment status and the probability of collecting scheduled principal and interest payments, when due.

 

Nonaccrual loans that are $250,000 or higher and all purchased credit-deteriorated ("PCD") loans are individually analyzed. Loans that are designated as nonaccrual with balances of less than $250,000 are collectively evaluated, and, accordingly, are not separately identified for analysis or disclosures. Individual analysis will establish an individually evaluated allowance for instruments in scope.

 

For collateral dependent loans, when it is determined that a foreclosure is probable, the allowance for credit losses is determined on a loan level basis using the fair value of the collateral as of the reporting date, less estimated disposition costs (“net fair value”), which will ensure that the credit loss is not delayed until the time at which the actual foreclosure takes place. In the event that this fair value is less than the amortized cost basis of these specific loans, the Company will recognize the difference between the net fair value at the reporting date and the amortized cost basis in the allowance for credit losses. If the fair value of the collateral has increased as of the evaluation date, the increase in the fair value of the collateral is reflected through a reduction in the allowance for credit losses. Adjustments for estimated disposition costs are not appropriate when the repayment of a collateral-dependent loan is expected from the operation of the collateral. If repayment is based upon future expected cash flows, the present value of the expected future cash flows discounted at the loan’s original effective interest rate is compared to the carrying value of the loan, and any shortfall is recorded as the allowance for credit losses. The effective interest rate used to discount expected cash flows is adjusted to incorporate expected prepayments, if applicable.

 

 

Purchased Credit-Deteriorated Loans

 

Loans acquired in a business combination that have experienced a more-than-significant deterioration in credit quality since origination are considered PCD loans. The Company evaluates acquired loans for deterioration in credit quality based on any of, but not limited to, the following: (1) non-accrual status; (2) risk ratings of special mention, substandard or doubtful; (3) watchlist credits; and (4) delinquency status, including loans that were current on acquisition date, but had been previously delinquent. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial allowance for credit losses is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial allowance for credit losses is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium, which is recognized through interest income on a level-yield basis over the lives of the related loans.

 

PCD loans that met the criteria for nonaccrual may be considered performing, regardless of whether the client is contractually delinquent, if management can reasonably estimate the timing and amount of the expected cash flows on such loans and if management expects to fully collect the new carrying value of the loans. As such, management may no longer consider the loans to be nonaccrual or nonperforming and may accrue interest on these loans, including the impact of any accretable discount.

 

Derivatives

 

At the inception of a derivative contract, the Company designates the derivative as one of three types based on the Company’s intentions and belief as to likely effectiveness as a hedge. These three types are (1) a hedge of the fair value of a recognized asset or liability or of an unrecognized firm commitment ("fair value hedge"), (2) a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability ("cash flow hedge"), or (3) an instrument with no hedging designation ("non-designated derivative"). For a fair value hedge, the gain or loss on the derivative, as well as the offsetting loss or gain on the hedged item is attributable to the hedged risk, are recognized in current earnings as fair values change. For a cash flow hedge, the gain or loss on the derivative is recorded in other comprehensive income ("OCI") and is reclassified into earnings in the same period during which the hedged transaction affects earnings. The changes in the fair value of a derivative that is not designated is recorded currently in earnings, as noninterest income.

 

Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged.

 

The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended.

 

When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as noninterest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings.

 

 

Restricted Stock

 

The Bank is a member of the Federal Home Loan Bank (“FHLB”) of New York. Members are required to own a certain amount of stock based on the level of borrowings and other factors and may invest in additional amounts. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Cash dividends on the stock are reported as income.

 

Transfers of Financial Assets

 

Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.

 

Premises and Equipment

 

Land is carried at cost and premises and equipment are stated at cost less accumulated depreciation. Buildings and related components are depreciated using the straight-line method with useful lives ranging from 4 to 30 years. Leasehold improvements are depreciated using the straight-line method over the terms of the respective leases, or the estimated useful lives of the improvements, whichever is shorter. Furniture, fixtures and equipment are depreciated using the straight-line method with useful lives ranging from 3 to 10 years.

 

Leases

 

Leases are classified as operating or finance leases at the lease commencement date. Lease expense for operating leases and short-term leases is recognized on a straight-line basis over the lease team. The Company includes lease extension and termination options in the lease term if, after considering relevant economic factors, it is reasonably certain the Company will exercise the option.

 

Right-of-use assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Right-of-use assets and lease liabilities are recognized at the lease commencement date based on the estimated present value of the lease payments over the lease term. The Company uses its incremental borrowing rate at lease commencement to calculate the present value of lease payments when the rate implicit in a lease is not known. The Company has elected not to recognize leases with original terms of 12 months or less on the consolidated balance sheet.

 

Other Real Estate Owned

 

Other real estate owned (“OREO”), representing property acquired through foreclosure or deed in lieu and held-for-sale, is initially recorded at fair value less cost to sell at the date of acquisition, establishing a new cost basis. Subsequently, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Costs relating to holding the assets are charged to expenses.

 

Employee Benefit Plans

 

The Company has a noncontributory pension plan that covered all eligible employees up until September 30, 2007, at which time the Company froze its defined benefit pension plan. As such, all future benefit accruals in this pension plan were discontinued and all retirement benefits that employees would have earned as of September 30, 2007 were preserved. In addition, the Company acquired a defined benefit pension plan that covered all former eligible FLIC employees. FLIC and the Bank, commencing at the merger closing on June 1, 2025, made contributions to the plan, which together with participant contributions equal to 2% of their compensation, funded these benefits. Effective September 30, 2025, the plan was frozen and all retirement benefits that employees earned through that date were preserved. The Company’s policy is to fund at least the minimum contribution required by the Employee Retirement Income Security Act of 1974. The costs associated with the plan are accrued based on actuarial assumptions and included in salaries and employee benefits expense.

 

 

 

 

The Company accounts for its defined benefit pension plan in accordance with FASB ASC 715-30. This standard requires that the funded status of defined benefit postretirement plans be recognized on the Company’s statement of financial condition and changes in the funded status be reflected in other comprehensive income. This standard also requires companies to measure the funded status of the plan as of the date of its fiscal year-end.

 

The Company maintains a 401(k) employee savings plan to provide for defined contributions which covers substantially all employees of the Company. Employee 401(k) and profit-sharing plan expense is the amount of matching contributions.

 

Stock-Based Compensation

 

FASB ASC 718 “Compensation-Stock Compensation” requires that the compensation costs related to share-based payment transactions be recognized in financial statements. That cost will be measured based on the grant date fair value of the equity or liability instruments issued. The stock compensation accounting guidance covers a wide range of share-based compensation arrangements including stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans.

 

Stock compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. See Note 18 of the Notes to Consolidated Financial Statements for further discussion.

 

Treasury Stock

 

Subject to certain regulatory limitations applicable to the Parent Corporation, treasury stock purchases may be made from time to time as, in the opinion of management, market conditions warrant, in the open market or in privately negotiated transactions. Shares repurchased are added to the corporate treasury and will be used for future issuances. The repurchased shares are recorded as treasury stock, which results in a decrease in stockholders’ equity. Treasury stock is recorded using the cost method and accordingly is presented as a reduction of stockholders’ equity. The Parent Corporation did not repurchase any shares in 2025. During the year ended December 31, 2024, the Parent Corporation repurchased 283,270 shares under board-approved share repurchase programs.

 

On August 16, 2022, The Inflation Reduction Act, P.L. 117-169, was signed into law. The act included a new Sec. 4501 that imposes an excise tax on certain repurchases of stock by publicly traded corporations.

 

In general, and before considering exceptions, the amount of the excise tax is equal to 1% of (1) the aggregate fair market value (FMV) of stock repurchased by a corporation, over (2) the aggregate FMV of stock issued by the corporation, in each case, during the tax year. The excise tax applies to repurchases of stock by corporations beginning after December 31, 2022. The excise tax is not deductible for purposes of computing U.S. federal income tax (Sec. 275(a)(6)).

 

On December 27, 2022, Treasury and the IRS released Notice 2023-2, which announced that they intend to issue proposed regulations with respect to the excise tax. The notice provides interim guidance that Treasury and the Service generally intend to include in the proposed regulations, including several examples that illustrate the application of the rules set forth in the notice. Treasury and the IRS anticipate that the proposed regulations will be consistent with the guidance provided in the notice. In addition, until the issuance of the proposed regulations, taxpayers are permitted to rely on the operating rules set forth in Section 3 of the notice. The proposed regulations are anticipated to apply to repurchases of stock made after December 31, 2022, and to issuances of stock made during a tax year ending after December 31, 2022. As of December 31, 2025, the Company had no accruals related to the excise tax through equity.

 

 

 

 

 

 

Goodwill

 

Goodwill arises from business combinations and is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not amortized but tested for impairment annually or more frequently if events and circumstances exist that indicate that a goodwill impairment test should be performed. The Company has selected December 31 as the date to perform the annual impairment test. No impairment charge was deemed necessary as of the years ended December 31, 2025, 2024 and 2023.

 

Other Intangible Assets

 

Other intangible assets consist of core deposit intangibles arising from business combinations that are amortized over their estimated useful lives to their estimated residual value.

 

Comprehensive Income (Loss)

 

Total comprehensive income includes all changes in equity during a period from transactions and other events and circumstances from nonowner sources. The Company’s OCI (loss) is comprised of unrealized holding gains and losses on securities available-for-sale, unrecognized actuarial gains and losses of the Company’s defined benefit pension plans and unrealized gains and losses on cash flow hedges, net of taxes.

 

Restrictions on Cash

 

Cash on hand or on deposit with the Federal Reserve Bank is required to meet regulatory reserve and clearing requirements.

 

Dividend Restriction

 

Banking regulations require maintaining certain capital levels and may limit the dividends paid by the Bank to the Parent Corporation or by the Parent Corporation to the stockholders.

 

 

Fair Value of Financial Instruments

 

The fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates.

 

Bank Owned Life Insurance

 

The Company invests in Bank Owned Life Insurance (“BOLI”) to help offset the cost of employee benefits. The change in the cash surrender value of the BOLI is recorded as a component of noninterest income.

 

Income Taxes

 

The Company accounts for income taxes in accordance with ASC 740, Income Taxes. We recognize deferred tax assets and liabilities for the expected future tax consequences of events already included in the financial statements. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in the period that includes the date of the enactment.

 

Valuation Allowances: We record a valuation allowance to reduce deferred tax assets to the amount that is more likely than not to be realized. In making this assessment, we weigh all available evidence, both positive and negative, including projected future taxable income and tax-planning strategies.

 

Uncertain Tax Positions: The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the position will be sustained upon examination by the taxing authorities. We record unrecognized tax benefits, including associated interest and penalties, as a component of Income tax expense in the Consolidated Statements of Operations. Accrued interest and penalties are classified within Other long-term liabilities on the Consolidated Balance Sheets.

 

In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, which requires enhanced transparency through a standardized, disaggregated tax rate reconciliation table and expanded disclosures for income taxes paid. The Company adopted the standard effective January 1, 2025. Specifically, we are now required to:

 

 

●

Disaggregate the rate reconciliation into specific categories (e.g., state and local, foreign effects, enacted law changes) with a 5% quantitative threshold for separate disclosure of reconciling items.

 ●Disaggregate cash taxes paid by federal, state, and foreign jurisdictions, with further detail for any jurisdiction representing 5% or more of total taxes paid.

 

 

 

 

 

The Company regularly monitors developments in tax laws and regulations that may impact its tax positions and financial reporting. Any changes in classification, measurement, or recognition of tax-related interest and penalties will be disclosed in accordance with GAAP and relevant SEC reporting requirements. See Note 11 for more discussion on income taxes.

 

Advertising Costs

 

The Company recognizes its marketing and advertising costs as incurred.

 

Reclassifications

 

Certain reclassifications have been made in the consolidated financial statements and footnotes for 2024 and 2023 to conform to the classifications presented in 2025. Such reclassifications had no impact on net income or stockholders’ equity.

 

Note 1b – Authoritative Accounting Guidance

 

Adoption of New Accounting Standards

 

In December 2023, the FASB issued Accounting Standard Update ("ASU") 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. These amendments require that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5% of the amount computed by multiplying pretax income (or loss) by the applicable statutory income tax rate). The amendments require that all entities disclose on an annual basis the following information about income taxes paid: 1) The amount of income taxes paid (net of refunds received) disaggregated by federal (national), state, and foreign taxes; and 2) The amount of income taxes paid (net of refunds received) disaggregated by individual jurisdictions in which income taxes paid (net of refunds received) is equal to or greater than 5% of total income taxes paid (net of refunds received). The amendments also require that all entities disclose the following information: 1) Income (or loss) from continuing operations before income tax expense (or benefit) disaggregated between domestic and foreign; and 2) Income tax expense (or benefit) from continuing operations disaggregated by federal (national), state, and foreign. The Company adopted ASU 2023-09 on January 1, 2025.

 

Impact of Issued But Not Yet Effective Accounting Standards

 

In November 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40)" ("ASU 2024-03"). ASU 2024-03 requires public entities to provide disaggregated disclosures, in the notes to the financial statements, of certain categories of expenses that are included in expense line items on the face of the income statement. ASU 2024-03 is effective for the Company on January 1, 2027. The Company is currently not expecting the ASU to have a material effect on the consolidated financial statements and footnotes.

 

 

 
v3.25.4
Note 2 - Business Combination
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Business Combination [Text Block]

Note 2. Business Combination 

 

On June 1, 2025 (the “Acquisition Date”), the Company completed the acquisition of FLIC, the parent company for the FNBLI, in accordance with the definitive Agreement and Plan of Merger dated as of September 4, 2024 (the “Merger Agreement”). Pursuant to the Merger Agreement, on the Acquisition Date, FLIC merged with and into the Company, with the Company continuing as the surviving corporation, and FNBLI merged with and into the Bank, with the Bank as the surviving bank (collectively, the “merger”). As part of this merger, the Company acquired 36 branch offices located in Nassau and Suffolk Counties of Long Island, and the boroughs of New York City.

 

In connection with the completion of the merger, former FLIC shareholders received 0.5175 shares of the Company’s common stock for each share of FLIC common stock they held. The value of the total transaction consideration was approximately $270.8 million. The consideration included the issuance of 11,790,116 shares of the Company’s common stock, valued at $22.97 per share, which was the closing price of the Company’s common stock on May 30, 2025, the last trading day prior to the consummation of the merger. Also included in the total consideration was cash in lieu of any fractional shares, which was effectively settled upon closing.

 

The acquisition of FLIC was accounted for as a business combination using the acquisition method of accounting and, accordingly, assets acquired, liabilities assumed, and consideration paid were recorded at estimated fair values on the Acquisition Date. The excess consideration paid over the estimated fair value of the net assets acquired has been reported as goodwill in the Company’s consolidated statements of financial condition. Goodwill was originally reported at $7.2 million as of June 30, 2025. During the measurement period, the Company updated its assessment of the fair value of net assets acquired to reflect a net increase of $4.6 million to goodwill, resulting in a total of $11.9 million recorded from the merger. The adjustment was related to deferred tax assets, including a $5.0 million increase from true-ups based on tax filings (decrease to goodwill), a $1.3 million increase from the application of the finalized 30.9% blended statutory tax rate (decrease to goodwill), and a $10.9 million valuation allowance related to Section 382 limitations-including recognized built-in losses and net operating losses resulting from the completion of a formal limitation study and updated New York apportionment rates (increase to goodwill). The $11.9 million of goodwill created from the merger is not amortizable or deductible for tax purposes. The amount of goodwill represents an asset attributed to the future economic benefits arising from other assets acquired in a business combination. Future economic benefits consist largely of the synergies and economies of scale expected from combining the operations of FLIC and the Company.

 

The Company continues to identify and assess information regarding the nature of the assets acquired and liabilities assumed. Accordingly, these valuations, including the amounts recorded for current and deferred taxes, are considered preliminary and subject to further adjustment during the measurement period, which ends June 1, 2026.

 

In connection with the acquisition, the consideration paid, as well as the fair value of identifiable assets acquired and liabilities assumed as of the Acquisition Date, are summarized in the following tables:

 

  

As of

 
  

June 1, 2025

 

(dollars in thousands, except for per share data)

    

Purchase Price Consideration

    

FLIC common shares settled for stock

  22,783,572 

Exchange Ratio

  0.5175 

ConnectOne shares entitlement

  11,790,499 

Fractional shares subject to cash in lieu

  (383)

ConnectOne whole shares issued

  11,790,116 

Price per share of ConnectOne common stock on May 30, 2025

 $22.97 

Total fair value of stock consideration issued

 $270,819 

Cash consideration paid

  9 

Total purchase price consideration

 $270,828 

 

 

  

As of

  

Measurement

  

As of

 
  

June 1, 2025

  

Period Adjustments

  

June 1, 2025

 
  

(dollars in thousands)

 
             

Total purchase price consideration

 $270,828  $-  $270,828 
             

Fair Value of Assets Acquired:

            

Cash and cash equivalents

  54,869   -   54,869 

Securities available-for-sale

  596,702   -   596,702 

Loans receivables, net

  2,882,951   -   2,882,951 

Restricted stock, at cost

  24,276   -   24,276 

Premises and equipment, net

  45,895   -   45,895 

Bank-owned life insurance

  118,098   -   118,098 

Pension plan assets

  11,617   -   11,617 

Core deposit intangible

  63,206   -   63,206 

Other assets

  107,480   (4,624)  102,856 

Total assets acquired

 $3,905,094  $(4,624) $3,900,470 
             

Fair Value of Liabilities Assumed:

            

Deposits

  3,251,147   -   3,251,147 

Borrowings

  360,405   -   360,405 

Other liabilities

  29,953   -   29,953 

Total liabilities assumed

 $3,641,505  $-  $3,641,505 
             

Net assets acquired

 $263,589  $(4,624) $258,965 
             

Goodwill recorded in acquisition

 $7,239  $4,624  $11,863 

 

 

 

The following is a description of the valuation methodologies used to estimate the fair values of significant assets and liabilities presented above.

 

Cash and cash equivalents – The carrying amount of these items is a reasonable estimate of their fair value based on the short-term nature of these assets.

 

Investment securities – Fair values for investment securities available-for-sale were based on quoted market prices, where available. If quoted market prices were not available, fair value estimates are based on observable inputs, including quoted market prices for similar instruments. Fair value estimates also reflect an adjustment related to certain securities that were sold shortly after closing and were determined by the current market price. Additional information is included in Note 4 - Investments. 

 

Loans – The fair value of the loan portfolio was calculated on a pooled loan basis using discounted cash flow analysis for accruing loans and on an individual basis for nonaccrual loans. This analysis took into consideration the contractual terms of the loans and assumptions related to the credit risk, expected lifetime losses, qualitative factors, collateral values, discount rates, and other liquidity considerations to estimate projected cash flows. The assumptions used in determining the fair value of the loan portfolio were considered reasonable from a market-participant viewpoint.

 

Acquired loans are classified into two categories: purchased credit deteriorated (“PCD”) and non-PCD loans. PCD loans are defined as a loan or group of loans that have experienced more-than-insignificant credit deterioration since origination. The Company considers various factors in connection with the identification of more-than-insignificant deterioration in credit, including but not limited to nonperforming status, delinquency, risk ratings, and other qualitative factors that indicate deterioration in credit quality since origination. Non-PCD loans will have an allowance established subsequent to the Acquisition Date, which is recognized as an expense through the provision for credit losses. For PCD loans, the loans were recorded at their amortized cost, less an allowance for credit losses ("ACL") of $43.3 million on the Acquisition Date. There is no provision for credit loss expense recognized on PCD loans because the initial allowance is established by grossing-up the amortized cost of the PCD loans. The remaining difference between the net of the amortized cost basis and the ACL and the fair value allocated to the loans on the date of acquisition is recognized as a non-credit-related discount that will be accreted into interest income over the life of the loans.

 

The following table provides details related to the fair value of PCD loans that were acquired on June 1, 2025.

 

          

Gross-up for PCD

     
  

Unpaid Principal

  

Total Discount at

  

Allowance for Credit

  

Fair Value of

 

(dollars in thousands)

 

Balance

  

Acquisition

  

Losses at Acquisition

  

Loans at Acquisition

 

PCD Loans

 $271,904  $(34,394) $(43,336) $194,174 

Non-PCD Loans

  2,860,661   (171,884)  -   2,688,777 

Total Acquired Loans

 $3,132,565  $(206,278) $(43,336) $2,882,951 

 

 

Premises and equipment – The estimated fair value of premises was measured based upon appraisals from independent third parties. The estimated fair value of equipment was determined to approximate the carrying amount of these assets.

 

Deferred Tax Benefit – The Company recorded a net deferred income tax benefit of $46.5 million related to the tax attributes of FLIC, along with the effects of fair value adjustments resulting from applying the purchase method of accounting. This amount represents a measurement period adjustment from the preliminary $51.1 million benefit previously reported. The current estimate reflects the $4.6 million net decrease in deferred tax assets described above in the Purchase Price Allocation and Goodwill section, which accounts for the true-up of tax attributes, the application of the finalized 30.9% blended statutory tax rate, and the recognition of a valuation allowance related to Section 382 limitations. As the Company continues to evaluate the federal, state, and local combined statutory tax rate for the merged entity and the nature and extent of permanent and temporary differences between the book and tax bases of acquired assets and assumed liabilities, these amounts remain preliminary and subject to further adjustment during the measurement period.

 

Deposits – The fair values used for the demand and savings deposits equal the amount payable on demand at the Acquisition Date. The fair value of time deposits is estimated by discounting the estimated future cash flows using current rates offered for deposits with similar remaining maturities.

 

Borrowings – The fair value of FHLB advances was estimated by discounting the estimated future cash flows using rates currently available to the Company for debt with similar remaining maturities.

 

As a result of the integration of operations of FLIC, the Company recognized net interest income and net income of $61.7 million and $37.3 million, respectively, from the Acquisition Date through and including December 31, 2025 which is included in the Company’s Consolidated Statements of Income.

 

Costs related to the acquisition totaled $34.0 million for the year ended December 31, 2025. These amounts were expensed as incurred and are recorded as merger expenses in the Company’s Consolidated Statements of Income.

 

The following table presents unaudited supplemental pro forma information as if the merger had occurred on January 1, 2024. The unaudited pro forma information includes adjustments for (i) accreting and amortizing the discounts and premiums associated with the estimated fair value adjustments to acquired loans, investment securities, deposits, and borrowings, (ii) the amortization of recognized intangible assets arising from the merger, (iii) depreciation expense on premises and equipment, and (iv) the related estimated income tax effects. The pro forma amounts below do not reflect the Company's expectations as of the date of the pro forma information of further operating cost savings and other business synergies expected to be achieved, including revenue growth as a result of the merger. As a result, actual amounts differed from the unaudited pro forma information presented.

 

  

December 31,

 

(dollars in thousands)

 

2025

  

2024

 

Net interest income

 $419,675  $293,469 

Noninterest income

  39,507   25,052 

Net income

  156,147   35,012 

Net income available to common

  150,111   28,976 

Basic EPS

 $3.00  $0.58 

Diluted EPS

 $2.98  $0.58 

 

 

 

 

 
v3.25.4
Note 3 - Earnings Per Common Share
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 3– Earnings per Common Share

 

FASB ASC 260-10-45, “Earnings Per Share”, addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting and, therefore, need to be included in the earnings allocation in computing earnings per share (“EPS”). The restricted stock awards granted by the Company contain non-forfeitable rights to dividends and therefore are considered participating securities. The two-class method for calculating basic EPS excludes dividends paid to participating securities and any undistributed earnings attributable to participating securities. Earnings per common share have been computed based on the following:

 

  

Years Ended December 31,

 
  

2025

  

2024

  

2023

 
  

(dollars in thousands, except per share amounts)

 

Net income available to common stockholders

 $74,407  $67,757  $80,967 

Earnings allocated to participating securities

  (176)  (187)  (216)

Income attributable to common stock

 $74,231  $67,570  $80,751 

Weighted average common shares outstanding, including participating securities

  45,304   38,376   38,913 

Weighted average participating securities

  (107)  (106)  (104)

Weighted average common shares outstanding

  45,197   38,270   38,809 

Incremental shares from assumed conversions of options, deferred stock units, performance units and restricted stock

  218   211   153 

Weighted average common and equivalent shares outstanding

  45,415   38,481   38,962 

Earnings per common share:

            

Basic

 $1.64  $1.77  $2.08 

Diluted

  1.63   1.76   2.07 

  

There were no antidilutive common share equivalents as of December 31, 2025, 2024 and 2023.

 
v3.25.4
Note 4 - Investment Securities
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

Note 4– Investment Securities

 

The Company’s investment securities are classified as available-for-sale as of December 31, 2025 and December 31, 2024. Investment securities available-for-sale are reported at fair value with unrealized gains or losses included in stockholders’ equity, net of tax. Accordingly, the carrying value of such securities reflects their fair value as of December 31, 2025 and December 31, 2024. Fair value is based upon either quoted market prices, or in certain cases where there is limited activity in the market for a particular instrument, assumptions are made to determine their fair value. See Note 21 of the Notes to Consolidated Financial Statements for a further discussion.

 

The following tables present information related to the Company’s portfolio of investment securities available-for-sale as of December 31, 2025 and 2024.

 

      

Gross

  

Gross

     
  

Amortized

  

Unrealized

  

Unrealized

  

Fair

 
  

Cost

  

Gains

  

Losses

  

Value

 
  

(dollars in thousands)

 

December 31, 2025

                

Investment securities available-for-sale

                

Federal agency obligations

 $398,392  $2,467  $(9,669) $391,190 

Residential mortgage pass-through securities

  644,811   5,391   (43,058)  607,144 

Commercial mortgage pass-through securities

  30,124   -   (3,155)  26,969 

Obligations of U.S. states and political subdivisions

  221,545   5,385   (14,521)  212,409 

Corporate bonds and notes

  12,500   22   (3)  12,519 

Asset-backed securities

  528   -   (3)  525 

Other securities

  182   -   -   182 

Total investment securities available-for-sale

 $1,308,082  $13,265  $(70,409) $1,250,938 

 

      

Gross

  

Gross

     
  

Amortized

  

Unrealized

  

Unrealized

  

Fair

 
  

Cost

  

Gains

  

Losses

  

Value

 
  

(dollars in thousands)

 

December 31, 2024

                

Investment securities available-for-sale

                

Federal agency obligations

 $96,165  $179  $(11,674) $84,670 

Residential mortgage pass-through securities

  439,445   211   (60,818)  378,838 

Commercial mortgage pass-through securities

  24,989   -   (4,097)  20,892 

Obligations of U.S. states and political subdivisions

  141,775   89   (19,460)  122,404 

Corporate bonds and notes

  5,000   5   (18)  4,987 

Asset-backed securities

  892   -   (7)  885 

Other securities

  171   -   -   171 

Total investment securities available-for-sale

 $708,437  $484  $(96,074) $612,847 

 

 

 

Investment securities having a carrying value of approximately $771.2 million and $184.0 million as of December 31, 2025 and December 31, 2024, respectively, were pledged to secure public deposits, borrowings, Federal Reserve Discount Window borrowings and Federal Home Loan Bank advances and for other purposes required or permitted by law. As of December 31, 2025 and December 31, 2024, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of stockholders’ equity.

 

The following table presents information for investment securities available-for-sale as of December 31, 2025, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. Securities not due at a single maturity date are shown separately.

 

  

December 31, 2025

 
  

Amortized

  

Fair

 
  

Cost

  

Value

 
  

(dollars in thousands)

 

Investment securities available-for-sale:

        

Due in one year or less

 $2,963  $2,966 

Due after one year through five years

  28,264   28,679 

Due after five years through ten years

  68,320   69,829 

Due after ten years

  533,418   515,169 

Residential mortgage pass-through securities

  644,811   607,144 

Commercial mortgage pass-through securities

  30,124   26,969 

Other securities

  182   182 

Total investment securities available-for-sale

 $1,308,082  $1,250,938 

 

There were no gains/losses from the sales and/or redemptions of investment securities for the years ended December 31, 2025, 2024 and 2023.

 

 

 

Impairment Analysis of Available-for-Sale Debt Securities

 

The following tables indicate gross unrealized losses for which an ACL has not been recorded, aggregated by investment category and by the length of continuous time individual securities have been in an unrealized loss position as of December 31, 2025 and December 31, 2024.

 

  

December 31, 2025

 
  

Total

  

Less than 12 Months

  

12 Months or Longer

 
  Fair  Unrealized  Fair  Unrealized  Fair  Unrealized 
  

Value

  

Losses

  

Value

  

Losses

  

Value

  

Losses

 
  

(dollars in thousands)

 

Investment securities available-for-sale:

                        

Federal agency obligation

 $135,103  $(9,669) $101,610  $(246) $33,493  $(9,423)

Residential mortgage pass-through securities

  331,799   (43,058)  5,547   (45)  326,252   (43,013)

Commercial mortgage pass-through securities

  26,969   (3,155)  5,421   (96)  21,548   (3,059)

Obligations of U.S. states and political subdivisions

  103,918   (14,521)  4,276   (20)  99,642   (14,501)

Corporate bonds and notes

  1,997   (3)  1,997   (3)  -   - 

Asset-backed securities

  525   (3)  242   -   283   (3)

Total temporarily impaired securities

 $600,311  $(70,409) $119,093  $(410) $481,218  $(69,999)

 

  

December 31, 2024

 
  

Total

  

Less than 12 Months

  

12 Months or Longer

 
  

Fair

  

Unrealized

  

Fair

  

Unrealized

  

Fair

  

Unrealized

 
  

Value

  

Losses

  

Value

  

Losses

  

Value

  

Losses

 
  

(dollars in thousands)

 

Investment securities available-for-sale:

                        

Federal agency obligation

 $53,467  $(11,674) $18,471  $(60) $34,996  $(11,614)

Residential mortgage pass-through securities

  364,971   (60,818)  26,809   (604)  338,162   (60,214)

Commercial mortgage pass-through securities

  20,892   (4,097)  -   -   20,892   (4,097)

Obligations of U.S. states and political subdivisions

  112,523   (19,460)  13,281   (322)  99,242   (19,138)

Corporate bonds and notes

  1,982   (18)  1,982   (18)  -   - 

Asset-backed securities

  885   (7)  -   -   885   (7)

Total temporarily impaired securities

 $554,720  $(96,074) $60,543  $(1,004) $494,177  $(95,070)

 

The Company did not have an ACL for available-for-sale securities as of December 31, 2025. The Company has elected to exclude accrued interest from the amortized cost of its investment securities available-for-sale. Accrued interest receivable for investment securities available-for-sale for December 31, 2025 and December 31, 2024 was $5.2 million and $2.3 million, respectively.

 

 

 

 

 

The Company evaluates securities in an unrealized loss position for impairment related to credit losses on at least a quarterly basis. Securities in unrealized loss positions are first assessed as to whether we intend to sell, or if it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis. If one of the criteria is met, the security’s amortized cost basis is written down to fair value through current earnings. For securities that do not meet these criteria, the Company evaluates whether the decline in fair value resulted from credit losses or other factors. If this assessment indicates that a credit loss exists, we compare the present value of cash flows expected to be collected from the security with the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis for the security, a credit loss exists and an allowance for credit losses is recorded, limited to the amount that the fair value of the security is less than its amortized cost basis. Unrealized losses on asset backed securities and state and municipal securities have not been recognized into income because the issuers are of high credit quality, we do not intend to sell, and it is likely that we will not be required to sell the securities prior to their anticipated recovery. The decline in fair value is largely due to changes in interest rates and other market conditions. The issuers continue to make timely principal and interest payments on the securities. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income, net of applicable taxes. No allowance for credit losses for available-for-sale securities was recorded as of December 31, 2025.

 

Federal agency obligations, residential mortgage-backed pass-through securities and commercial mortgage-backed pass-through securities are issued by U.S. Government agencies and U.S. Government sponsored enterprises. Although a government guarantee exists on these investments, these entities are not legally backed by the full faith and credit of the federal government, and the current support they receive is subject to a cap as part of the agreement entered into in 2008. Nonetheless, at this time we do not foresee any set of circumstances in which the government would not fund its commitments on these investments as the issuers are an integral part of the U.S. housing market in providing liquidity and stability. Therefore, we concluded that a zero-allowance approach for these investment securities is appropriate.

 
v3.25.4
Note 5 - Loans and the Allowance for Credit Losses
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

Note 5– Loans and the Allowance for Credit Losses

 

Loans Receivable: The following table sets forth the composition of the Company’s loan portfolio segments, net of deferred fees, as of December 31, 2025 and December 31, 2024:

 

  

2025

  

2024

 

(dollars in thousands)

        

Commercial

 $1,565,963  $1,532,730 

Commercial real estate

  8,054,696   5,880,679 

Commercial construction

  623,902   616,246 

Residential real estate

  1,210,980   249,691 

Consumer

  2,017   1,136 

Gross loans

  11,457,558   8,280,482 

Net deferred fees

  (4,278)  (5,672)

Loans receivable

 $11,453,280  $8,274,810 

 

At December 31, 2025 and December 31, 2024, loan balances of approximately $8.2 billion and $5.8 billion, respectively, were pledged to secure borrowings from the FHLB of New York and the Federal Reserve Bank of New York in the aggregate. During 2024, the Company took actions to increase its secured borrowing access and increase levels of off-balance sheet liquidity and as such increased the amount of loans pledged to each of these borrowing facilities.

 

 •

The repayment of commercial loans is generally dependent on the creditworthiness and cash flow of borrowers, and if applicable, guarantors, which may be negatively impacted by adverse economic conditions. While the majority of these loans are secured, collateral type, marketing, coverage, valuation and monitoring is not as uniform as in other portfolio classes and recovery from liquidation of such collateral may be subject to greater variability.

  

 

 •

Payment on commercial real estate is driven principally by operating results of the managed properties or underlying business and secondarily by the sale or refinance of such properties. Both primary and secondary sources of repayment, and value of the properties in liquidation, may be affected to a greater extent by adverse conditions in the real estate market or the economy in general.

  

 

 •

Properties underlying construction, land and land development loans often do not generate sufficient cash flows to service debt and thus repayment is subject to the ability of the borrower and, if applicable, guarantors, to complete development or construction of the property and carry the project, often for extended periods of time. As a result, the performance of these loans is contingent upon future events whose probability at the time of origination is uncertain.

  

 

 •

The ability of borrowers to service debt in the residential and consumer loan portfolios is generally subject to personal income which may be impacted by general economic conditions, such as increased unemployment levels. These loans are predominately collateralized by first and/or second liens on single family properties. If a borrower cannot maintain the loan, the Company’s ability to recover against the collateral in sufficient amount and in a timely manner may be significantly influenced by market, legal and regulatory conditions.

  

 

 •

The Company considers loan classes and loan segments to be one and the same.

 

 

Loans Held-For-Sale: The following table presents loans held-for-sale by loan segment as of December 31, 2025 and December 31, 2024:

 

  

2025

  

2024

 
  

(dollars in thousands)

 

Residential real estate

 $391  $743 

 

Loans Receivable on Nonaccrual Status - The following tables present the amortized cost basis of loans on nonaccrual status by loan segment as of December 31, 2025 and 2024:

 

  

December 31, 2025

 
  

Nonaccrual loans with ACL

  

Nonaccrual loans without ACL

  

Total Nonaccrual loans

 
  

(dollars in thousands)

 

Commercial

 $1,987  $11,052  $13,039 

Commercial real estate

  207   28,354   28,561 

Commercial construction

  -   -   - 

Residential real estate

  549   3,766   4,315 

Total

 $2,743  $43,172  $45,915 

 

 

  

December 31, 2024

 
  

Nonaccrual loans with ACL

  

Nonaccrual loans without ACL

  

Total Nonaccrual loans

 
  

(dollars in thousands)

 

Commercial

 $1,744  $14,487  $16,231 

Commercial real estate

  3,822   32,664   36,486 

Commercial construction

  -   2,204   2,204 

Residential real estate

  333   2,056   2,389 

Total

 $5,899  $51,411  $57,310 

Nonaccrual loans include loans that are collectively evaluated and individually analyzed. 

 

 

Credit Quality Indicators – The Company continuously monitors the credit quality of its loans receivable. In addition to its internal monitoring, the Company utilizes the services of a third-party loan review firm to periodically validate the credit quality of its loans receivable on a sample basis. Credit quality is monitored by reviewing certain credit quality indicators. Assets classified as “Pass” are deemed to possess average to superior credit quality, requiring no more than normal attention. Assets classified as “Special Mention” have generally acceptable credit quality yet possess higher risk characteristics/circumstances than satisfactory assets. Such conditions include strained liquidity, slow pay, stale financial statements, or other conditions that require more stringent attention from the lending staff. These conditions, if not corrected, may weaken the loan quality or inadequately protect the Company’s credit position at some future date. Assets are classified as “Substandard” if the asset has a well-defined weakness that requires management’s attention to a greater degree than for loans classified as special mention. Such weakness, if left uncorrected, could possibly result in the compromised ability of the loan to perform to contractual requirements. An asset is classified as “Doubtful” if it is inadequately protected by the net worth and/or paying capacity of the obligor or of the collateral, if any, that secures the obligation. Assets classified as doubtful include assets for which there is a “distinct possibility” that a degree of loss will occur if the inadequacies are not corrected.

 

 

We evaluate whether a modification, extension or renewal of a loan is a current period origination in accordance with GAAP. Generally, loans up for renewal are subject to a full credit evaluation before the renewal is granted and such loans are considered current period originations for purpose of the table below. As of December 31, 2025, our loans based on year of origination and risk designation and gross charge-offs are as follows (dollars in thousands):

 

  

Term loans amortized cost basis by origination year

         
                          

Revolving

  

Total

 
  

2025

  

2024

  

2023

  

2022

  

2021

  

Prior

  

Loans

  

Gross Loans

 

Commercial

                                

Pass

 $165,942  $194,070  $137,181  $217,504  $177,715  $145,173  $479,906  $1,517,491 

Special mention

  -   -   -   694   -   2,927   44   3,665 

Substandard

  146   539   3,048   3,120   2,599   10,625   24,730   44,807 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial

 $166,088  $194,609  $140,229  $221,318  $180,314  $158,725  $504,680  $1,565,963 

YTD gross charge-offs

 $-  $-  $32  $1,669  $-  $854  $1,961  $4,516 
                                 

Commercial real estate

                                

Pass

 $1,129,223  $416,806  $303,121  $1,487,034  $1,391,743  $1,648,135  $1,451,710  $7,827,772 

Special mention

  -   -   -   39,271   3,741   71,452   6,998   121,462 

Substandard

  -   4,024   -   22,193   9,066   54,778   15,401   105,462 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial real estate

 $1,129,223  $420,830  $303,121  $1,548,498  $1,404,550  $1,774,365  $1,474,109  $8,054,696 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $13,839  $-  $13,839 
                                 

Commercial construction

                                

Pass

 $108,660  $120,104  $36,316  $17,912  $63,727  $44,193  $232,990  $623,902 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial construction

 $108,660  $120,104  $36,316  $17,912  $63,727  $44,193  $232,990  $623,902 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Residential real estate

                                

Pass

 $36,615  $26,638  $33,577  $201,351  $114,215  $416,017  $373,244  $1,201,657 

Special mention

  -   -   -   -   -   -   3,343   3,343 

Substandard

  -   -   -   -   798   2,516   2,666   5,980 

Doubtful

  -   -   -   -   -   -   -   - 

Total Residential real estate

 $36,615  $26,638  $33,577  $201,351  $115,013  $418,533  $379,253  $1,210,980 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $1,000  $1,000 
                                 

Consumer

                                

Pass

 $1,863  $-  $-  $-  $-  $63  $91  $2,017 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total Consumer

 $1,863  $-  $-  $-  $-  $63  $91  $2,017 

YTD gross charge-offs

 $25  $-  $-  $-  $-  $-  $1  $26 
                                 

Total

                                

Pass

 $1,442,303  $757,618  $510,195  $1,923,801  $1,747,400  $2,253,581  $2,537,941  $11,172,839 

Special mention

  -   -   -   39,965   3,741   74,379   10,385   128,470 

Substandard

  146   4,563   3,048   25,313   12,463   67,919   42,797   156,249 

Doubtful

  -   -   -   -   -   -   -   - 

Grand Total

 $1,442,449  $762,181  $513,243  $1,989,079  $1,763,604  $2,395,879  $2,591,123  $11,457,558 

YTD gross charge-offs

 $25  $-  $32  $1,669  $-  $14,693  $2,962  $19,381 

 

 

As of December 31, 2024, our loans based on year of origination and risk designation and gross charge-offs are as follows (dollars in thousands):

  

Term loans amortized cost basis by origination year

  

Revolving

  

Total

 
  

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Loans

  

Gross Loans

 

Commercial

                                

Pass

 $67,298  $157,067  $194,602  $237,065  $29,717  $111,841  $678,206  $1,475,796 

Special mention

  1,908   -   2,817   2,538   1,643   6,209   17,491   32,606 

Substandard

  -   3,019   3,705   217   -   15,844   1,543   24,328 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial

 $69,206  $160,086  $201,124  $239,820  $31,360  $133,894  $697,240  $1,532,730 

YTD gross charge-offs

 $-  $-  $1,003  $49  $-  $316  $1,918  $3,286 
                                 

Commercial real estate

                                

Pass

 $408,314  $268,533  $1,424,209  $1,510,087  $339,553  $1,357,858  $415,286  $5,723,840 

Special mention

  -   -   53,642   -   -   59,719   -   113,361 

Substandard

  -   -   3,822   1,846   1,752   36,058   -   43,478 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial real estate

 $408,314  $268,533  $1,481,673  $1,511,933  $341,305  $1,453,635  $415,286  $5,880,679 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $10,416  $-  $10,416 
                                 

Commercial construction

                                

Pass

 $15,390  $-  $2,137  $8,995  $6,518  $-  $581,002  $614,042 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   2,204   2,204 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial construction

 $15,390  $-  $2,137  $8,995  $6,518  $-  $583,206  $616,246 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Residential real estate

                                

Pass

 $17,763  $14,542  $39,197  $21,925  $17,339  $96,657  $36,471  $243,894 

Special mention

  -   -   -   -   -   635   2,773   3,408 

Substandard

  -   -   633   -   1,157   364   235   2,389 

Doubtful

  -   -   -   -   -   -   -   - 

Total Residential real estate

 $17,763  $14,542  $39,830  $21,925  $18,496  $97,656  $39,479  $249,691 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Consumer

                                

Pass

 $1,015  $24  $1  $-  $-  $-  $96  $1,136 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total Consumer

 $1,015  $24  $1  $-  $-  $-  $96  $1,136 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Total

                                

Pass

 $509,780  $440,166  $1,660,146  $1,778,072  $393,127  $1,566,356  $1,711,061  $8,058,708 

Special mention

  1,908   -   56,459   2,538   1,643   66,563   20,264   149,375 

Substandard

  -   3,019   8,160   2,063   2,909   52,266   3,982   72,399 

Doubtful

  -   -   -   -   -   -   -   - 

Grand Total

 $511,688  $443,185  $1,724,765  $1,782,673  $397,679  $1,685,185  $1,735,307  $8,280,482 

YTD gross charge-offs

 $-  $-  $1,003  $49  $-  $10,732  $1,918  $13,702 

 

 

Collateral-dependent Loans - The following tables present the amortized cost basis of collateral-dependent loans by loan segment as of December 31, 2025 and 2024:

 

  

December 31, 2025

 
  

Real Estate

  

Other

  

Total

 
  

(dollars in thousands)

 

Commercial

 $6,948  $8,783  $15,731 

Commercial real estate

  242,125   -   242,125 

Commercial construction

  -   -   - 

Residential real estate

  5,637   -   5,637 

Total

 $254,710  $8,783  $263,493 

 

  

December 31, 2024

 
  

Real Estate

  

Other

  

Total

 
  

(dollars in thousands)

 

Commercial

 $2,308  $9,222  $11,530 

Commercial real estate

  36,486   -   36,486 

Commercial construction

  2,204   -   2,204 

Residential real estate

  2,056   -   2,056 

Total

 $43,054  $9,222  $52,276 

 

 

Aging Analysis – The following tables present the aging of the amortized cost in past-due loans by loan segment as of December 31, 2025 and December 31, 2024 (dollars in thousands):

 

  

December 31, 2025

 
  

30-59 Days Past Due

  

60-89 Days Past Due

  

90 Days or Greater Past Due and Still Accruing

  

Nonaccrual

  

Total Past Due and Nonaccrual

  

Current

  

Gross Loans

 

Commercial

 $875  $539  $427  $13,039  $14,880  $1,551,083  $1,565,963 

Commercial real estate

  13,602   6,098   16,276   28,561   64,537   7,990,159   8,054,696 

Commercial construction

  -   -   -   -   -   623,902   623,902 

Residential real estate

  7,405   1,372   769   4,315   13,861   1,197,119   1,210,980 

Consumer

  -   -   -   -   -   2,017   2,017 

Total

 $21,882  $8,009  $17,472  $45,915  $93,278  $11,364,280  $11,457,558 

 

  

December 31, 2024

 
  

30-59 Days Past Due

  

60-89 Days Past Due

  

90 Days or Greater Past Due and Still Accruing

  

Nonaccrual

  

Total Past Due and Nonaccrual

  

Current

  

Gross Loans

 

Commercial

 $1,340  $-  $-  $16,231  $17,571  $1,515,159  $1,532,730 

Commercial real estate

  -   -   -   36,486   36,486   5,844,193   5,880,679 

Commercial construction

  -   -   -   2,204   2,204   614,042   616,246 

Residential real estate

  1,991   -   -   2,389   4,380   245,311   249,691 

Consumer

  -   -   -   -   -   1,136   1,136 

Total

 $3,331  $-  $-  $57,310  $60,641  $8,219,841  $8,280,482 

 

 

 

The following tables detail the amount of gross loans that are individually analyzed, collectively evaluated, and loans acquired with deteriorated quality, and the related portion of the allowance for credit losses for loans that are allocated to each loan portfolio segment.

 

  

December 31, 2025

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Allowance for credit losses - loans

                        

Individually analyzed

 $314  $125  $-  $-  $-  $439 

Collectively evaluated

  15,392   79,046   5,303   12,084   18   111,843 

Acquired with deteriorated credit quality

  (348)  42,256   -   115   -   42,023 

Total

 $15,358  $121,427  $5,303  $12,199  $18  $154,305 

Gross loans

                        

Individually analyzed

 $12,184  $28,354  $-  $3,675  $-  $44,213 

Collectively evaluated

  1,548,381   7,812,572   623,902   1,205,343   2,017   11,192,215 

Acquired with deteriorated credit quality

  5,398   213,770   -   1,962   -   221,130 

Total

 $1,565,963  $8,054,696  $623,902  $1,210,980  $2,017  $11,457,558 

 

  

December 31, 2024

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
                         

Allowance for credit losses - loans

 

(dollars in thousands)

 

Individually analyzed

 $326  $909  $-  $-  $-  $1,235 

Collectively evaluated

  17,740   53,868   5,064   4,561   5   81,238 

Acquired with deteriorated credit quality

  212   -   -   -   -   212 

Total

 $18,278  $54,777  $5,064  $4,561  $5  $82,685 

Gross loans

                        

Individually analyzed

 $15,751  $36,486  $2,204  $2,056  $-  $56,497 

Collectively evaluated

  1,516,557   5,844,193   614,042   247,635   1,136   8,223,563 

Acquired with deteriorated credit quality

  422   -   -   -   -   422 

Total

 $1,532,730  $5,880,679  $616,246  $249,691  $1,136  $8,280,482 

 

 

A summary of the activity in the allowance for credit losses for loans by loan segment is as follows:

 

  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of January 1, 2025

 $18,278  $54,777  $5,064  $4,561  $5  $82,685 

Charge-offs

  (4,516)  (13,839)  -   (1,000)  (26)  (19,381)

Recoveries

  366   746   -   35   -   1,147 

Provision for credit losses - loans:

                        

Initial provision related to acquisition – loans

  985   16,017   78   10,217   10   27,307 

Operating provision for credit losses

  (616)  22,679   161   (1,728)  29   20,525 

Nonaccretable credit marks on PCD loans

  861   41,047   -   114   -   42,022 

Balance as of December 31, 2025

 $15,358  $121,427  $5,303  $12,199  $18  $154,305 

 

 

  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of January 1, 2024

 $20,632  $52,278  $4,739  $4,320  $5  $81,974 

Charge-offs

  (3,286)  (10,416)  -   -   -   (13,702)

Recoveries

  392   31   -   6   -   429 

Provision for credit losses

  540   12,884   325   235   -   13,984 

Balance as of December 31, 2024

 $18,278  $54,777  $5,064  $4,561  $5  $82,685 

 

 

  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of January 1, 2023

 $28,903  $53,742  $3,718  $4,143  $7  $90,513 

Charge-offs

  (14,888)  (2,142)  -   (18)  (1)  (17,049)

Recoveries

  10   -   -   68   8   86 

Provision for credit losses

  6,607   678   1,021   127   (9)  8,424 

Balance as of December 31, 2023

 $20,632  $52,278  $4,739  $4,320  $5  $81,974 

 

 

 

 

 

 

 

 

 

 

Loan Modifications to Borrowers Experiencing Financial Difficulty:

 

The following table presents the amortized cost basis of loans to borrowers experiencing financial difficulty that were modified during the last 12 months. The modification percentage represents the total modified loans as compared to the total gross loan balances as of December 31, 2025.

 

  

Amortized Cost Basis

         
  

Term Extension

  

Payment Deferral

  

Total

  

Gross Loans at December 31, 2025

  

Modification % (Modified Loans/Gross Loans)

 

December 31, 2025

                    

(dollars in thousands)

                    

Commercial

 $5,848  $18,811  $24,659  $1,565,963   1.57%

Commercial real estate

  3,687   -   3,687   8,054,696   0.05 

Commercial construction

  8,244   -   8,244   623,902   1.32 

Residential real estate

  -   -   -   1,210,980   - 

Consumer

  -   -   -   2,017   - 

Total

 $17,779  $18,811  $36,590  $11,457,558   0.32%

 

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty during the last 12 months.

 

  

Weighted Average Term Extension (Months)

  

Weighted Average Payment Deferral (Months)

  

Weighted Average Interest Rate Reduction

  

Weighted Average Payment Reduction

 

December 31, 2025

                

(dollars in thousands)

                

Commercial

  8   2   0%  - 

Commercial real estate

  4   -   -   - 

Commercial construction

  3   -   -   - 

Residential real estate

  -   -   -   - 

Consumer

  -   -   -   - 

Total

  15   2   0.0%  - 

 

The Company closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the performance of such loans that have been modified in the last 12 months.

 

  

Current

  

30-89 Days Past Due

  

90 Days or Greater Past Due

 

December 31, 2025

            

(dollars in thousands)

            

Commercial

 $24,659  $-  $- 

Commercial real estate

  3,687   -   - 

Commercial construction

  8,244   -   - 

Residential real estate

  -   -   - 

Consumer

  -   -   - 

Total

 $36,590  $-  $- 

 

 

The following table presents the amortized cost basis to borrowers experiencing financial difficulty that were modified during the last 12 months. The modification percentage represents the total modified loans as compared to the total gross loan balances as of December 31, 2024.

 

  

Amortized Cost Basis

         
  

Term Extension

  

Payment Deferral

  

Interest Rate Reduction

  

Payment Reduction

  

Total

  

Gross Loans at December 31, 2024

  

Modification % (Modified Loans/Gross Loans)

 

December 31, 2024

                            

(dollars in thousands)

                            

Commercial

 $17,641  $126  $-  $333  $18,100  $1,532,730   1.18%

Commercial real estate

  -   -   63,804   -   63,804   5,880,679   1.08 

Commercial construction

  -   -   -   -   -   616,246   - 

Residential real estate

  1,413   -   -   -   1,413   249,691   0.57 

Consumer

  -   -   -   -   -   1,136   - 

Total

 $19,054  $126  $63,804  $333  $83,317  $8,280,482   1.01%

 

The following table presents the financial effect of the loan modifications presented above to borrowers experiencing financial difficulty during the last 12 months.

 

  

Weighted Average Term Extension (Months)

  

Weighted Average Payment Deferral (Months)

  

Weighted Average Interest Rate Reduction

  

Weighted Average Payment Reduction

 

December 31, 2024

                

(dollars in thousands)

                

Commercial

  6   3   -% $6 

Commercial real estate

  -   -   0.8   - 

Commercial construction

  -   -   -   - 

Residential real estate

  136   -   -   - 

Consumer

  -   -   -   - 

Total

  142   3   0.8% $6 

 

 

The Company closely monitors the performance of loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the performance of such loans that have been modified in the last 12 months.

 

  

Current

  

30-89 Days Past Due

  

90 Days or Greater Past Due

 

December 31, 2024

            

(dollars in thousands)

            

Commercial

 $18,100  $-  $- 

Commercial real estate

  63,804   -   - 

Residential real estate

  1,413       

Total

 $83,317  $-  $- 

 

There were no loans to borrowers experiencing financial difficulty that had a payment default during the year ended December 31, 2025 and December 31, 2024 and were modified in the twelve months prior to that default. Upon the Company’s determination that a modified loan (or portion of the loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is charged-off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount.

 

Allowance for Credit Losses for Unfunded Commitments

 

The Company has recorded an ACL for unfunded credit commitments, which is recorded in other liabilities. The provision is recorded within the provision for credit losses on the Company’s Consolidated Statement of Income. The following table presents the allowance for credit losses for unfunded commitments for the years ended December 31, 2025 and 2024 (dollars in thousands):

 

  

2025

  

2024

 

Balance at beginning of period

 $2,627  $2,811 

Provision for (reversal of) allowance for credit losses – unfunded commitments

  481   (184)

Balance at end of period

 $3,108  $2,627 

 

Components of (Reversal of) Provision for Credit Losses

 

The following table summarizes the provision for (reversal of) provision for credit losses for the years ended December 31, 2025 and 2024 (dollars in thousands):

 

         
  

2025

  

2024

 

Provision for credit losses – loans

 $20,525  $13,984 

Initial provision related to acquisition – loans

  27,307   - 

Release of marks due to improvements in expected cash flows

  (1,313)  - 

Provision for (reversal of) credit losses - unfunded commitments

  481   (184)

Provision for credit losses – total

 $47,000  $13,800 

 
v3.25.4
Note 6 - Premises and Equipment
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

Note 6 – Premises and Equipment

 

Premises and equipment are summarized as of December 31, 2025 and 2024:

 

  

Estimated

         
  

Useful Life

         
  

(Years)

  

2025

  

2024

 
      

(dollars in thousands)

 

Land

  -  $14,256  $5,253 

Buildings

  10-25   22,868   11,043 

Furniture, fixtures and equipment

  3-7   37,878   30,746 

Leasehold improvements

  10-20   30,446   28,325 

Subtotal

      105,448   75,367 

Less: accumulated depreciation, amortization and fair value adjustments

      50,163   46,920 

Total premises and equipment, net

     $55,285  $28,447 

 

Depreciation and amortization expense of premises and equipment was $6.1 million, $4.4 million and $4.5 million for 2025, 2024 and 2023, respectively.

 

Finance Leases: The Company has a lease agreement for a building accounted for as a finance lease. The lease arrangement requires monthly payments through 2028. As of December 31, 2025, the weighted average remaining term for the finance lease was 2.9 years and the weighted average discount rate used in the measurement of finance lease liabilities was 6%. Total finance lease costs for the year ended December 31, 2025 were $0.3 million.

 

The Company has included this lease in premises and equipment as follows at December 31, 2025 and 2024:

 

  

2025

  

2024

 
  

(dollars in thousands)

 

Finance lease

 $3,423  $3,423 

Less: accumulated amortization

  2,909   2,738 
  $514  $685 

 

The following is a schedule by year of future minimum lease payments under the finance lease, together with the present value of net minimum lease payments as of December 31, 2025 (dollars in thousands):

 

2026

 $353 

2027

  353 

2028

  323 

2029

  - 

Thereafter

  - 

Total minimum lease payments

  1,029 

Less amount representing interest

  83 

Present value of net minimum lease payments

 $946 

 

 

Operating Leases: The Company leases certain premises and equipment under operating leases. As of December 31, 2025, the Company had lease liabilities totaling $32.4 million and right-of-use assets totaling $29.6 million. As of December 31, 2025, the weighted average remaining lease term for operating leases was 8.9 years and the weighted average discount rate used in the measurement of operating lease liabilities was 3.7%. Total operating lease costs for the year ended December 31, 2025 were $5.2 million.

 

A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows:

 

  

December 31,

 
  

2025

 
  

(dollars in thousands)

 

Lease payments due:

    

Less than 1 year

 $5,870 

1 year through less than 2 years

  5,225 

2 years through less than 3 years

  4,499 

3 years through less than 4 years

  3,187 

4 years through 5 years

  2,805 

After 5 years

  15,880 

Total undiscounted cash flows

  37,466 

Impact of discounting

  (5,020)

Total lease liability

 $32,446 

 

 
v3.25.4
Note 7 - Goodwill and Other Intangible Assets
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]

Note 7 – Goodwill and Other Intangible Assets

 

The Company performs an annual impairment test as required by ASC 350. For 2025, management utilized the "step zero" qualitative assessment. This assessment evaluates whether it is more likely than not that the fair value of a reporting unit is less than its carrying value.

 

Based upon management’s review through December 31, 2025, the Company concluded that no impairment exists, the "step zero" test was passed, and no further quantitative testing was required.

 

Goodwill

 

The following table summarizes the changes in the carrying amount of goodwill for the years ended December 31, 2025 and 2024, including adjustments related to the measurement period of prior acquisitions:

 

  

2025

  

2024

 
  

(dollars in thousands)

 

Balance, January 1

 $208,372  $208,372 

Acquired goodwill

  7,239   - 

Measurement period adjustments

  4,624   - 

Impairment

  -   - 

Balance, December 31

 $220,235  $208,372 

 

The adjustment was primarily driven by a finalization of deferred tax assets, including a $5.0 million increase from true-ups based on tax filings (decrease to goodwill), a $1.3 million increase from the application of the finalized 30.9% blended statutory tax rate (decrease to goodwill) and a $10.9 million valuation allowance related to Section 382 limitations-including recognized built-in losses and net operating losses resulting from the completion of a formal limitation study and updated New York apportionment rates (increase to goodwill).

 

 

 

 

Acquired Intangible Assets

 

The following table summarizes the gross carrying amount, accumulated amortization, and net carrying amount of the Company’s core deposit intangibles as of the dates set forth below:

 

  

Gross

      

Net

 
  

Carrying

  

Accumulated

  

Carrying

 
  

Amount

  

Amortization

  

Amount

 
  

(dollars in thousands)

 

Core deposit intangibles

            

December 31, 2025

 $76,413  $(16,490) $59,923 

Core deposit intangibles

            

December 31, 2024

 $13,207  $(8,568) $4,639 

 

One core deposit intangible of $5.3 million in gross carrying value from a previous merger was fully amortized as of December 31, 2024 and is no longer reflected in the financial statements.

 

Aggregate amortization expense was approximately $7.9 million, $1.2 million and $1.4 million for 2025, 2024 and 2023, respectively. Estimated amortization expense for each of the next five years (dollars in thousands):

 

2026

 $11,382 

2027

  9,491 

2028

  8,171 

2029

  6,829 

2030

  5,565 

 
v3.25.4
Note 8 - Deposits
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Deposit Liabilities Disclosures [Text Block]

Note 8– Deposits

 

Time Deposits 

 

As of December 31, 2025 and December 31, 2024, the Company's total time deposits were $2.8 billion and $2.6 billion, respectively. Included in time deposits were gross nonreciprocal brokered time deposits of $868.7 million and $907.2 million as of December 31, 2025 and 2024, respectively. As of December 31, 2025, the contractual maturities of these time deposits were as follows (dollars in thousands):

 

2026

 $2,571,266 

2027

  186,587 

2028

  32,858 

2029

  4,171 

2030

  2,997 

After

  7 

Time deposits (before discount)

 $2,797,886 

Fair value discount

  (1,009)

Total time deposits (after discount)

 $2,796,877 

 

Time deposits that are greater than or equal to $250,000 were $948.9 million and $731.0 million as of December 31, 2025 and 2024, respectively.

 
v3.25.4
Note 9 - FHLB Borrowings
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Federal Home Loan Bank, Advances [Text Block]

Note 9 – FHLB Borrowings

 

The Company’s FHLB borrowings and weighted average interest rates are summarized below:

 

  

December 31, 2025

  

December 31, 2024

 
  

Amount

  

Rate

  

Amount

  

Rate

 
  

(dollars in thousands)

 

By remaining period to maturity:

                

Less than 1 year

 $878,050   3.96% $660,529   4.51%

1 year through less than 2 years

  226   2.85   2,050   2.23 

2 years through less than 3 years

  25,000   4.18   260   2.85 

3 years through less than 4 years

  -   -   25,000   4.18 

4 years through 5 years

  -   -   -   - 

After 5 Years

  227   2.96   261   2.96 

FHLB borrowings (before discount)

  903,503   3.97%  688,100   4.49%

Fair value discount

  (14)      (36)    

FHLB borrowings (after discount)

 $903,489      $688,064     

 

The FHLB borrowings are secured by pledges of certain collateral including, but not limited to, U.S. government and agency mortgage-backed securities and a blanket assignment of qualifying first lien mortgage loans, consisting of both residential mortgages and commercial real estate loans.

 

Advances are payable at stated maturity, with a prepayment penalty for fixed rate advances. All FHLB advances have fixed rates. The advances as of December 31, 2025 were primarily collateralized by approximately $3.9 billion of commercial mortgage and residential loans, net of required over collateralization amounts, under a blanket lien arrangement. As of December 31, 2025, the Company had remaining borrowing capacity of approximately $2.0 billion at the FHLB.

 

 
v3.25.4
Note 10 - Subordinated Debentures
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Subordinated Borrowings Disclosure [Text Block]

Note 10 – Subordinated Debentures

 

During 2003, the Company formed a statutory business trust, which exists for the exclusive purpose of (i) issuing Trust Securities representing undivided beneficial interests in the assets of the Trust; (ii) investing the gross proceeds of the Trust securities in junior subordinated deferrable interest debentures (subordinated debentures) of the Company; and (iii) engaging in only those activities necessary or incidental thereto. On December 19, 2003, Center Bancorp Statutory Trust II, a statutory business trust and wholly-owned subsidiary of the Parent Corporation issued $5.0 million of MMCapS capital securities to investors due on January 23, 2034. The capital securities presently qualify as Tier I capital. The trust loaned the proceeds of this offering to the Company and received in exchange $5.2 million of the Parent Corporation’s subordinated debentures. The subordinated debentures are redeemable in whole or in part prior to maturity. The floating interest rate on the subordinate debentures was previously three-month LIBOR plus 2.85% and reprices quarterly. Upon the cessation of publication of LIBOR rates and pursuant to the Federal LIBOR Act and Federal Reserve regulations implementing the Act, applicable US Dollar LIBOR indexed instruments like the Company’s outstanding $5.0 million of MMCapS capital securities converted effective June 30, 2023 to a new index based on CME Term SOFR, as defined in the LIBOR Act, plus a tenor spread adjustment, which is referred to as the Benchmark Replacement. Therefore, effective for quarterly interest rate resets after  July 3, 2023 the subordinated debentures’ floating rate will be three-month CME Term SOFR plus 2.85% plus a tenor spread adjustment of 0.26161%. The rate as of December 31, 2025 was 6.95%. These subordinated debentures and the related income effects are not eliminated in the consolidated financial statements, as the statutory business trust is not consolidated in accordance with FASB ASC 810-10 "Consolidation". Distributions on the subordinated debentures owned by the subsidiary trust have been classified as interest expense in the Consolidated Statements of Income.

 

The following table summarizes the mandatory redeemable trust preferred securities of the Company’s Statutory Trust II as of December 31, 2025 and December 31, 2024.

 

As of December 31, 2025

Issuance Date

 

Securities Issued

 

Liquidation Value

Coupon Rate

Maturity

Redeemable by Issuer Beginning

12/19/2003

 $5,000,000 

$1,000 per Capital Security

Floating 3-month CME Term SOFR + 285 Basis Points + 26.161 Basis Points

1/23/2034

1/23/2009

 

As of December 31, 2024

Issuance Date

 

Securities Issued

 

Liquidation Value

Coupon Rate

Maturity

Redeemable by Issuer Beginning

12/19/2003

 $5,000,000 

$1,000 per Capital Security

Floating 3-month CME Term SOFR + 285 Basis Points + 26.161 Basis Points

1/23/2034

1/23/2009

 

 

On  May 15, 2025, the Parent Corporation issued $200 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the "2025 Notes"). The 2025 Notes bear interest at 8.125% annually from, and including, the date of initial issuance up to but excluding  June 1, 2030 or the date of earlier redemption, payable semi-annually in arrears on  June 1 and  December 1 of each year, commencing  December 1, 2025. From and including  June 1, 2030 through maturity or earlier redemption, the interest rate shall reset quarterly to an interest rate per annum equal to a benchmark rate, which is Three-Month Term SOFR: (as defined in the Prospectus Supplement), plus 441.5 basis points, payable quarterly in arrears on  March 1,  June 1,  September 1 and  December 1 of each year, commencing on  September 1, 2030. Notwithstanding the foregoing, if the benchmark rate is less than zero, then the benchmark rate shall be deemed to be zero.

 

On June 10, 2020, the Parent Corporation issued $75 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the “2020 Notes”). The 2020 Notes which were redeemed in full on September 15, 2025, bore interest, since June 15, 2025, at a variable rate equal to the then benchmark rate, which is Three-Month Term SOFR (as defined in the Second Supplemental Indenture), plus 560.5 basis points.

 

On January 11, 2018, the Parent Corporation issued $75 million in aggregate principal amount of fixed-to-floating rate subordinated notes (the “2018 Notes”). The 2018 Notes bore interest at a rate that resets quarterly to an interest rate per annum equal to the then current three-month LIBOR rate plus 284 basis points (2.84%) payable quarterly in arrears. Interest on the 2018 Notes was to be paid on February 1, May 1, August 1, and November 1, of each year to but excluding the stated maturity date, unless in any case previously redeemed. The 2018 Notes were redeemed in full on February 1, 2023.

 

 

 
v3.25.4
Note 11 - Income Taxes
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Income Tax Disclosure [Text Block]

Note 11 – Income Taxes

 

Pretax income and income tax expense from continuing operations were as follows:

 

  

2025

  

2024

  

2023

 
  

(dollars in thousands)

 

Pretax income

 $112,743  $98,467  $116,958 
             

Current:

            

Federal

 $18,512  $15,556  $16,185 

State and Local

  16,560   11,158   9,635 

Subtotal

  35,072   26,714   25,820 

Deferred:

            

Federal

  (2,024)  258   2,903 

State and Local

  (748)  (2,298)  1,232 

Subtotal

  (2,772)  (2,040)  4,135 

Income tax expense

 $32,300  $24,674  $29,955 

 

Pretax income and income tax expense are derived solely from domestic operations.

 

The following table reconciles the U.S. federal statutory income tax rate to the Company’s effective income tax rate for the year ended December 31, 2025:

 

  

2025

 

(dollars in thousands)

 

Amount

  

Rate

 

US Federal tax at statutory rate

 $23,676   21.0%

State and Local tax, net of federal tax benefit

  12,492   11.1 

Nontaxable or nondeductible items:

        

Tax-exempt interest and dividends

  (3,207)  (2.8)

Bank owned life insurance

  (1,936)  (1.7)

162M adjustment

  576   0.5 

Tax benefits from stock-based compensation

  129   0.1 

Merger expenses

  1,682   1.4 

Other, net

  (1,112)  (1.0)

Income tax expense

 $32,300   28.6%

 

State taxes in New York and New Jersey made up the majority (greater than 50 percent) of the tax effect in this category.

 

 

The following table sets forth a reconciliation of the income tax expense computed at the U.S. federal statutory income tax rate to the Company's actual income tax expense for the periods indicated:

 

(dollars in thousands)

 

2024

  

2023

 

Income before income tax expense

 $98,467  $116,958 

Federal statutory rate

  21%  21%

Computed “expected” Federal income tax expense

 $20,678   24,561 

State and Local tax, net of federal tax benefit

  6,514   9,404 

Tax-exempt interest and dividends

  (2,632)  (2,514)

Bank owned life insurance

  (1,500)  (1,326)

162M adjustment

  469   779 

Tax benefits from stock-based compensation

  109   (66)

Other, net

  1,036   (883)

Income tax expense

 $24,674  $29,955 

 

 

 

Income taxes paid were as follows for the year ended December 31, 2025:

 

  

2025

 

(dollars in thousands)

    

Federal

 $18,752 

State and Local:

    

New Jersey

  16,681 

New York

  6,723 

Connecticut

  1,169 

Florida

  190 

Total

 $43,515 

 

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2025 and 2024 are as follows:       

                  

  

2025

  

2024

 
  

(dollars in thousands)

 

Deferred tax assets

        

Allowance for credit losses

 $44,656  $24,891 

Depreciation

  822   6 

Pension actuarial losses

  -   272 

State net operating losses

  10,807   2,683 

Deferred compensation

  7,765   4,919 

Purchase accounting

  37,400   - 

Unrealized losses on available-for-sale securities

  38,890   25,959 

Deferred loan costs, net of fees

  4,321   1,608 

Finance lease

  134   163 

Nonaccrual interest

  373   275 

Operating lease liability

  10,431   4,671 

Interest Expense Disallowance

  5,239   - 

Other

  2,090   1,519 

Total deferred tax assets

 $162,928  $66,966 

Deferred tax liabilities

        

Employee benefit plans

 $(7,709) $(2,515)

Pension actuarial losses

  (380)  - 

Purchase accounting

  -   (1,599)

Prepaid expenses

  (2,213)  (1,551)

Unrealized gains on derivatives

  (3,802)  (8,790)

Right of use asset

  (9,138)  (4,304)

Other

  (2,008)  (1,240)

Total deferred tax liabilities

  (25,250)  (19,999)

Net deferred tax assets before valuation allowance

 $137,678  $46,967 

Valuation allowance

  (10,947)  - 

Net deferred tax assets

 $126,731  $46,967 

 

 

In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some or all of the deferred tax assets will be realized. This assessment includes the evaluation of future taxable income, the scheduled reversal of deferred tax liabilities, and available tax planning strategies. In connection with the acquisition of FLIC, the Company obtained net operating loss carryforwards and other tax attributes that are subject to utilization limits under Internal Revenue Code Section 382. These limits affect both realized and unrealized built-in losses and may restrict the Company's ability to utilize these attributes during the carryforward period. Accordingly, management established a valuation allowance against the relevant acquired deferred tax assets based on its evaluation of their future realizability. Refer to Note 2, Business Combinations, for additional information regarding the FLIC acquisition. Aside from these acquired attributes, the Company believes its remaining net deferred tax assets are more likely than not to be realized as of December 31, 2025 and as of December 31, 2024. The Company has no unrecognized tax benefits as of December 31, 2025 and as of December 31, 2024. 

 

The Company files income tax returns in multiple jurisdictions and is subject to examination by federal, state, and local taxing authorities. The Company regularly assesses developments in tax laws and regulations that may impact its effective tax rate and financial reporting. The Company’s federal income tax returns that are currently open and subject to examination are from the tax year 2022 return and forward. The Company’s state income tax returns are generally open from the tax year 2021 and forward based on individual state statutes of limitations.

 

As of December 31, 2025, the Company had state net operating loss carryforwards of approximately $134 million, which expire at various dates from 2041 through 2045. Additionally, the Company generated Recognized Built-In Losses (RBILs) of $26.5 million which may be carried forward indefinitely for federal tax purposes and expire in 2045 for the state tax purposes. The Company also had federal interest expense disallowance carryforwards of approximately $24.9 million, which may be carried forward indefinitely. These attributes are subject to utilization limits under Section 382, which is $9.7 million. A valuation allowance has been established solely against certain state net operating loss and state RBIL carryforwards that are not more likely than not to be realized before expiration or utilization.

 
v3.25.4
Note 12 - Preferred Stock
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Preferred Stock [Text Block]

Note 12 – Preferred Stock

 

On August 19, 2021, the Company completed an underwritten public offering of 115,000 shares, or $115 million in aggregate liquidation preference, of its depositary shares, each representing a 1/40th interest in a share of the Company’s 5.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, no par value, with a liquidation preference of $1,000 per share. The net proceeds received from the issuance of preferred stock at the time of closing were $110.9 million. On September 1, 2026 the rate will reset to the Five-year Treasury rate plus 4.42%

 

 
v3.25.4
Note 13 - Commitments, Contingencies and Concentrations of Credit Risk
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]

Note 13 – Commitments, Contingencies and Concentrations of Credit Risk

 

In the normal course of business, the Company has outstanding commitments and contingent liabilities, such as standby and commercial letters of credit, unused portions of lines of credit and commitments to extend various types of credit. Commitments to extend credit and standby letters of credit generally do not exceed one year.

 

These financial instruments involve, to varying degrees, elements of credit risk in excess of the amounts recognized in the consolidated financial statements. The commitment or contract amount of these financial instruments is an indicator of the Company’s level of involvement in each type of instrument as well as the exposure to credit loss in the event of nonperformance by the other party to the financial instrument.

 

The Company controls the credit risk of these financial instruments through credit approvals, limits and monitoring procedures. To minimize potential credit risk, the Company generally requires collateral and other credit-related terms and conditions from the client. In the opinion of management, the financial condition of the Company will not be materially affected by the final outcome of these commitments and contingent liabilities. A substantial portion of the Bank’s loans are secured by real estate located in New Jersey and New York. Accordingly, the collectability of a substantial portion of the loan portfolio of the Bank is susceptible to changes in the metropolitan New York real estate market.

 

The following table provides a summary of financial instruments with off-balance sheet risk as of December 31, 2025 and 2024:

 

  

2025

  

2024

 
  

Fixed

  

Variable

  

Fixed

  

Variable

 
  

(dollars in thousands)

 

Commitments under commercial loans and lines of credit

 $101,841  $997,861  $100,430  $647,652 

Home equity and other revolving lines of credit

  33   91,069   17   41,349 

Outstanding commercial mortgage loan commitments

  20,708   273,143   24,139   321,771 

Standby letters of credit

  152   21,203   190   41,276 

Overdraft protection lines

  1,644   1,098   640   178 

Total

 $124,378  $1,384,374  $125,416  $1,052,226 

 

The Company is subject to claims and lawsuits that arise in the ordinary course of business. Based upon the information currently available in connection with such claims, it is the opinion of management that the disposition or ultimate determination of such claims will not have a material adverse impact on the consolidated financial position, results of operations, or liquidity of the Company.

 
v3.25.4
Note 14 - Transactions with Executive Officers, Directors and Principle Stockholders
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

Note 14 – Transactions with Executive Officers, Directors and Principal Stockholders

 

Banking Transactions: The Company has had, and may be expected to have in the future, banking transactions in the ordinary course of business with its executive officers, directors, principal stockholders, their immediate families, and affiliated companies (collectively referred to as "related parties"). These transactions include loans and deposits maintained at the Company’s banking subsidiary.

 

Loans to Related Parties: Loans to related parties during the years ended December 31, 2025 and 2024 are summarized as follows:

 

  

2025

  

2024

 
  

(dollars in thousands)

 

Balance, January 1

 $23,364  $20,323 

Originations and drawdowns

  13,440   7,907 

Repayments

  (6,004)  (4,866)

Balance, December 31

 $30,800  $23,364 

 

In the opinion of Management, these loans were made in the ordinary course of business on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated persons. These transactions do not involve more than the normal risk of collectability or present other unfavorable features.

 

Deposits from Related Parties: Deposits from related parties as of December 31, 2025 and 2024 were $70.2 million and $51.9 million, respectively. These deposits were received in the ordinary course of business on substantially the same terms as those prevailing at the time of comparable transactions with unrelated persons.

 

Non-Banking Transactions: The Company enters into certain business arrangements with entities owned or controlled by related parties.

 

 

●

Lease Agreements: The Company leases banking offices from entities affiliated with certain related parties. Rent expense paid to these related parties totaled $0.8 million for each of the years ended December 31, 2025, and 2024.

 

●

Professional Services: The Company utilizes an advertising and public relations agency at which one of the Company’s directors serves as President, CEO, and is a principal owner. Fees paid to this agency totaled $0.4 million and $0.3 million for the years ended December 31, 2025, and 2024, respectively.

 

●

Terms of Transactions: Management believes these transactions were conducted on terms and conditions similar to those that would be available from unrelated third parties.

 

 
v3.25.4
Note 15 - Stockholders' Equity and Regulatory Requirements
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Equity [Text Block]

Note 15 – Stockholders’ Equity and Regulatory Requirements

 

Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. The accumulated other comprehensive gain or loss on securities and derivatives is not included in computing regulatory capital. Management believes as of December 31, 2025, the Bank and the Parent Corporation meet all capital adequacy requirements to which they are subject.

 

Prompt corrective action regulations provide five classifications: well-capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized, although these terms are not used to represent overall financial condition. If an institution is classified as adequately capitalized or lower, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is growth and expansion, and capital restoration plans are required. As of December 31, 2025, and 2024, the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s category.

 

 

The following is a summary of the Bank’s and the Parent Corporation’s actual capital amounts and ratios as of December 31, 2025 and 2024, compared to the FRB and FDIC minimum capital adequacy requirements and the FDIC requirements for classification as a well-capitalized institution.

 

                  

For Classification

 
                  

Under Corrective

 
          

Minimum

  

Action Plan

 
          

Capital Adequacy

  

as Well Capitalized

 
  

Amount

  

Ratio

  

Amount

  

Ratio

  

Amount

  

Ratio

 

The Bank

         

(dollars in thousands)

         

December 31, 2025

                        

Leverage (Tier 1) capital

 $1,452,592   10.59% $548,523   4.00% $685,654   5.00%

Risk-Based Capital:

                        

CET 1

 $1,452,592   12.36  $528,883   4.50  $763,943   6.50 

Tier 1

  1,452,592   12.36   705,178   6.00   940,237   8.00 

Total

  1,566,670   13.33   940,237   8.00   1,175,296   10.00 
                         

December 31, 2024

                        

Leverage (Tier 1) capital

 $1,109,149   11.66% $380,444   4.00% $475,555   5.00%

Risk-Based Capital:

                        

CET 1

 $1,109,149   12.63  $395,068   4.50  $570,654   6.50 

Tier 1

  1,109,149   12.63   526,757   6.00   702,343   8.00 

Total

  1,194,249   13.60   702,343   8.00   877,929   10.00 

 

          

Minimum Capital

  

For Classification

 
          

Adequacy

  

as Well Capitalized

 
  Amount  Ratio  Amount  Ratio  Amount  Ratio 

The Company

 (dollars in thousands) 

December 31, 2025

                        

Leverage (Tier 1) capital

 $1,319,186   9.61% $548,909   4.00%  N/A   N/A 

Risk-Based Capital:

                        

CET 1

 $1,203,104   10.24  $528,946   4.50   N/A   N/A 

Tier 1

  1,319,186   11.22   705,262   6.00   N/A   N/A 

Total

  1,631,285   13.88   940,349   8.00   N/A   N/A 
                         

December 31, 2024

                        

Leverage (Tier 1) capital

 $1,079,011   11.33% $380,796   4.00%  N/A   N/A 

Risk-Based Capital:

                        

CET 1

 $962,929   10.97  $395,075   4.50   N/A   N/A 

Tier 1

  1,079,011   12.29   526,767   6.00   N/A   N/A 

Total

  1,239,111   14.11   702,356   8.00   N/A   N/A 

 

As of December 31, 2025, both the Company and Bank satisfy the capital conservation buffer requirements applicable to them. The lowest ratio at the Company is the Tier 1 Risk-based Capital Ratio which was 2.72% above the minimum buffer ratio and, at the Bank, the lowest ratio was the Total Risk Based Capital Ratio which was 2.83% above the minimum buffer ratio. 

 
v3.25.4
Note 16 - Comprehensive Income
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]

Note 16 – Comprehensive Income

 

Total comprehensive income includes all changes in equity during a period from transactions and other events and circumstances from non-owner sources. The Company’s other comprehensive income is comprised of unrealized holding gains and losses on securities available-for-sale, unrealized gains and losses on cash flow hedges, obligations for defined benefit pension plan and an adjustment to reflect the curtailment of the Company’s defined benefit pension plan, each net of taxes.

 

The following table represents the reclassification out of accumulated other comprehensive (loss) income for the periods presented:

 

             

Affected Line Item in the

Details about Accumulated Other

 

Amounts Reclassified from Accumulated

 

Consolidated

Comprehensive Income (Loss) Components

 

Other Comprehensive Income (Loss)

 

Statements of Income

  

For the Year Ended

  
  

December 31,

  

(dollars in thousands)

 

2025

  

2024

  

2023

  

Net interest income on derivatives

 $17,219  $21,762  $20,230 

Interest income

   (5,316)  (6,117)  (6,086)

Income tax expense

   11,903   15,645   14,144  

Amortization of pension plan net actuarial losses

  -   (171)  (296)

Salaries and employee benefits

   -   48   89 

Income tax benefit

   -   (123)  (207) 

Total reclassification

 $11,903  $15,522  $13,937  

 

Accumulated other comprehensive loss as of December 31, 2025 and 2024 consisted of the following:

 

  

2025

  

2024

 
  

(dollars in thousands)

 

Investment securities available-for-sale, net of tax

 $(40,652) $(69,632)

Derivatives, net of tax

  7,904   22,481 

Defined benefit pension, net of tax

  852   (695)

Total

 $(31,896) $(47,846)

 
v3.25.4
Note 17 - Pension and Other Benefits
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Retirement Benefits [Text Block]

Note 17 – Pension and Other Benefits

 

Defined Benefit Plans

 

The Company maintains a frozen, noncontributory pension plan covering employees of the Company prior to the merger with Legacy ConnectOne (“Legacy CNOB Plan”). The benefits are based on years of service and the employee’s compensation over the prior five-year period. The plan’s benefits are payable in the form of a ten-year certain and life annuity. The plan is intended to be a tax-qualified defined benefit plan under Section 401(a) of the Internal Revenue Code. Payments may be made under the Pension Plan once attaining the normal retirement age of 65 and are generally equal to 44% of a participant’s highest average compensation over a 5-year period.

 

FLIC Merger

 

In the FLIC merger, the Company acquired a defined benefit pension plan (“Legacy FLIC Plan” and, with the Legacy CNOB Plan, the “Plans”)) with a net funded status of $11.2 million as of the Acquisition Date. Former FLIC employees were eligible to participate in the Pension Plan after attaining 21 years of age and completing 12 full months of service. Pension benefits are generally based on a percentage of average annual compensation during the period of creditable service. FLIC historically made contributions to the Pension Plan which, when taken together with participant contributions equal to 2% of their compensation, will be sufficient to fund these benefits. The Bank’s funding method, the unit credit actuarial cost method, is consistent with the funding requirements of applicable federal laws and regulations which set forth both minimum required and maximum tax-deductible contributions. Employees became fully vested after four years of participation in the Pension Plan (no vesting occurs during the four-year period). An internal management committee oversees the affairs of the pension plan and acts as named fiduciary.

 

Effective September 30, 2025, the Company froze benefit accruals under the Legacy FLIC Plan for all participants. The freeze does not affect retirees or vested benefits. The projected benefit obligation was remeasured using a discount rate of 5.41%, increasing the liability by $2.0 million. There were no other changes in assumptions. The freezing of the plan also resulted in the removal of projected salary increase from the liability determination, resulting in a curtailment gain of $3.5 million recognized in Noninterest income during the third quarter of 2025. The plan’s funded status improved to 134%.

 

Significant Actuarial Assumptions. The following tables set forth the significant actuarial assumptions used to determine the benefit obligation at the Acquisition Date:

 

Weighted average assumptions used to determine the benefit obligation:

    

Discount rate

  5.58%

Rate of increase in compensation levels

  N/A 

 

Weighted average assumptions used to determine net pension cost:

    

Discount rate

  5.80%

Rate of increase in compensation levels

  4.00%

Expected long-term rate of return on plan assets

  6.00%

 

 

 

Plan Assets. The objective for the Plans assets is to generate long-term investment returns from both income and capital appreciation which outpaces the rate of inflation, while maintaining sufficient liquidity to ensure the Plan’s ability to pay all anticipated benefit and expense obligations when due. The Plans may maintain a de minimis amount of cash equivalents, with the remaining assets allocated across two broadly-defined financial asset categories: (1) equity, both domestic and international; and (2) fixed income of various durations and issuer type. The goal of the equity allocation is to supplement the Bank’s contributions to the Plans when the Plans are underfunded and increase surplus when the Plans are overfunded. The fixed income component will include longer-duration bonds designed to match and hedge the characteristics of the Plans’ liabilities. Cash equivalents, under normal circumstances, will be temporary holdings for the purpose of paying expenses and monthly benefits.

 

For fixed income investments: (1) the minimum average credit quality shall be investment grade (Standard & Poor’s BBB or Moody’s Baa) or higher; and (2) no more than 5% of the portfolio may be invested in securities with ratings below investment grade, and none may be rated below investment grade at the time of purchase.

 

Reasonable precautions are taken to avoid excessive concentrations to protect the portfolio against unfavorable outcomes within an asset class. Specifically, the following guidelines are in place:

 

 

●

With the exception of fixed income investments explicitly guaranteed by the U.S. government, no single investment security shall represent more than 5% of total Plan assets; and

 

●

With the exception of passively managed investment vehicles seeking to match the returns of broadly diversified market indices or diversified investment vehicles chosen specifically to hedge the interest rate risk embedded in liabilities of the Plans, no single investment pool or investment company (mutual fund) shall comprise more than 10% of total plan assets.

 

The portfolio will be rebalanced to the target asset allocation, if needed, no less often than quarterly. Unless expressly authorized in writing by the Committee, the following investing activities are prohibited:

 

 

●

Purchasing securities on margin;

 

●

Pledging or hypothecating securities, except for loans of securities that are fully collateralized;

 

●

Purchasing or selling derivative securities for speculation or leverage; and

 

●

Engaging in investment strategies that have the potential to amplify or distort the risk of loss beyond a level that is reasonably expected given the objectives of the portfolio.

 

The Plans actual asset allocations, target allocations and expected long-term rates of return by asset category at acquisition date are set forth in the following tables.

 

          

Weighted

 
          

Average

 
          

Expected

 
          

Long-Term

 
  

Target

  

% of Plan

  

Rate of

 
  

Allocation

  

Assets

  

Return

 

Cash equivalents

  —%  0%  N/A 

Equity mutual funds

  25%  26%  10.6 

Fixed income mutual funds

  75%  74%  3.2 

Total

      100%  5.05 

 

The ranges for the weighted average expected long-term rates of return for equity funds, bond funds and total plan assets set forth in the preceding table represent an average of all expected allocation percentile returns. For these purposes, the trustee utilizes a third-party capital markets model (the “model”), which forecasts distributions of future returns for a wide array of broad asset classes. The theoretical and empirical foundation of the model is that the returns of various asset classes reflect the compensation investors require for bearing different types of systematic risk. At the core of the model are estimates of the dynamic statistical relationship between risk factors and asset returns, obtained from statistical analysis based on available historical monthly financial and economic data.

 

 

The following table sets forth changes in projected benefit obligation, changes in fair value of plan assets, funded status, and amounts recognized in the consolidated statements of condition for the Company’s pension plans as of December 31, 2025 and 2024.

 

  

2025

  

2024

 

Legacy CNOB Plan

 

(dollars in thousands)

 

Change in Benefit Obligation:

        

Projected benefit obligation as of January 1,

 $8,205  $9,335 

Interest cost

  422   424 

Actuarial loss (gain)

  52   (433)

Benefits paid

  (1,354)  (1,121)

Projected benefit obligation as of December 31,

 $7,325  $8,205 

Change in Plan Assets:

        

Fair value of plan assets as of January 1,

 $15,704  $14,614 

Actual return on plan assets

  1,872   2,211 

Benefits paid

  (1,354)  (1,121)

Fair value of plan assets as of December 31,

 $16,222  $15,704 

Funded status

 $8,897  $7,499 

 

  

2025

 

Legacy FLIC Plan

 

(dollars in thousands)

 

Change in Benefit Obligation:

    

Projected benefit obligation as of June 1,

 $48,126 

Interest cost

  1,511 

Service cost

  514 

Contributions

  117 

Assumption changes

  1,681 

Effect of curtailment

  (3,501)

Benefits paid

  (1,920)

Projected benefit obligation as of December 31,

 $46,528 

Change in Plan Assets:

    

Fair value of plan assets as of June 1,

 $59,300 

Actual return on plan assets

  5,087 

Contributions

  41 

Benefits paid

  (1,886)

Fair value of plan assets as of December 31,

 $62,542 

Funded status

 $16,014 

 

 

Amounts recognized as a component of accumulated other comprehensive loss as of the periods presented that have not been recognized as a component of the net periodic pension expense for each of the plans are presented in the following table. As of December 31, 2025, the Company expects to recognize approximately $0.6 million and $1.1 million of the net actuarial loss as a component of net periodic pension expense during 2026 for the Legacy CNOB and Legacy FLIC plans, respectively.

 

  

As of December 31,

 
  

2025

  

2024

 

Legacy CNOB Plan

 

(dollars in thousands)

 

Net actuarial loss recognized in accumulated other comprehensive income (pre-tax)

 $62  $967 

 

  

As of December 31,

 
  

2025

 

Legacy FLIC Plan

 

(dollars in thousands)

 

Net actuarial loss recognized in accumulated other comprehensive income (pre-tax)

 $1,294 

 

The pre-tax, net periodic pension income and other comprehensive income for the years ended December 31, 2025, 2024 and 2023 for Company plans includes the following:

 

  

2025

  

2024

  

2023

 

Legacy CNOB

 

(dollars in thousands)

 

Interest cost

 $422  $424  $440 

Expected return on plan assets

  (921)  (856)  (838)

Net amortization

  -   171   296 

Settlement loss

  6   55   - 

Total net periodic pension income

 $(493) $(206) $(102)
             

Actuarial gain

  (899)  (1,788)  (941)

Net amortization included in net income

  -   (171)  (296)

Settlement loss included in net income

  (6)  (55)  - 

Total changes recognized in other comprehensive income

  (905)  (2,014)  (1,237)

Total recognized in net periodic pension income and other comprehensive income

 $(1,398) $(2,220) $(1,339)

 

  

2025

 

Legacy FLIC Plan

 

(dollars in thousands)

 

Interest cost

 $1,511 

Expected return on plan assets

  (2,070)

Service Cost

  514 

Effect of Curtailment

  (3,501)

Total recognized in net periodic pension income and other comprehensive income

 $(3,546)

 

 

 

 

 

 

 

 

The following table presents the weighted average assumptions used to determine the pension benefit obligations as of December 31, for the following periods.

 

Legacy CNOB Plan

 2025  2024 

Discount rate

 5.17% 5.38%

Rate of compensation increase

 N/A  N/A 

 

Legacy FLIC Plan

 

2025

 

Discount rate

  

5.58%

 

Rate of compensation increase

  

N/A

 

 

 

The following table presents the weighted average assumptions used to determine net periodic pension cost for the following three years:

 

  

2026

  

2025

  

2024

 

Legacy CNOB Plan

            

Discount rate

  5.17%  5.38%  4.72%

Expected long-term return on plan assets

  6.00%  6.00%  6.00%

Rate of compensation increase

  N/A   N/A   N/A 

  

  

2025

 

Legacy FLIC Plan

    

Discount rate

  5.80%

Expected long-term return on plan assets

  6.00%

Rate of compensation increase

  4.00%

 

 

 

The process of determining the overall expected long-term rate of return on plan assets begins with a review of appropriate investment data, including current yields on fixed income securities, historical investment data, historical plan performance and forecasts of inflation and future total returns for the various asset classes. This data forms the basis for the construction of a best-estimate range of real investment returns for each asset class. A weighted average real-return range is computed reflecting the Plans' expected asset mix, and that range, when combined with an expected inflation range, produces an overall best-estimate expected return range. Specific factors such as the Plans' investment policy, reinvestment risk and investment volatility are taken into consideration during the construction of the best estimate real return range, as well as in the selection of the final return assumption from within the range.

 

 

Plan Assets

 

The general investment policy of the Pension Trust is for the fund to experience growth in assets that will allow the market value to exceed the value of benefit obligations over time. The Company’s pension plan asset allocation as of December 31, 2025 and 2024, target allocation, and expected long-term rate of return by asset are as follows:

 

              

Weighted

 
              

Average

 
      

% of Plan

  

% of Plan

  

Expected

 
      

Assets –

  

Assets –

  

Long-Term

 
  

Target

  

Year Ended

  

Year Ended

  

Rate of

 

Legacy CNOB Plan

  Allocation   2025   2024   Return 

Equity Securities

                

Domestic

  56%  60%  70%  4.2%

International

  2%  2%  3%  0.1%

Debt and/or fixed income securities

  42%  37%  24%  1.7%

Cash and other alternative investments, including real estate funds, commodity funds, hedge funds and equity structured notes

  —%  2%  3%  —%

Total

  100%  100%  100%  6.0%

 

          

Weighted

 
          

Average

 
      

% of Plan

  

Expected

 
      

Assets –

  

Long-Term

 
  

Target

  

Year Ended

  

Rate of

 

Legacy FLIC Plan

  Allocation   2025   Return 

Equity mutual funds

  25%  26%  10.6%

Fixed income mutual funds

  75%  74%  3.2%

Cash equivalents

  —%  —%  N/A 

Total

  100%  100%  5.1%

 

 

 

 

 

The fair values of the Company’s pension plan assets as of December 31, 2025 and 2024, by asset class, are as follows:

 

  

December 31,

             
  

2025

  

Fair Value Measurements at Reporting Date Using

 
      

Quoted Prices

  

Significant

     
      

in Active

  

Other

  

Significant

 
      

Markets for

  

Observable

  

Unobservable

 

Legacy CNOB Plan

     Identical Assets  Inputs  Inputs 

Asset Class

     

(Level 1)

  

(Level 2)

  

(Level 3)

 
  

(dollars in thousands)

 

Cash

 $260  $260  $-  $- 

Equity securities:

                

U.S. companies

  9,701   9,701   -   - 

International companies

  274   274   -   - 

Debt and/or fixed income securities

  5,945   5,945   -   - 

Commodity funds

  28   28   -   - 

Real estate funds

  14   14   -   - 

Total

 $16,222  $16,222  $-  $- 

 

 

  

December 31,

             
  

2024

  

Fair Value Measurements at Reporting Date Using

 
      

Quoted Prices

  

Significant

     
      

in Active

  

Other

  

Significant

 
      

Markets for

  

Observable

  

Unobservable

 

Legacy CNOB Plan

     Identical Assets  Inputs  Inputs 

Asset Class

     

(Level 1)

  

(Level 2)

  

(Level 3)

 
  

(dollars in thousands)

 

Cash

 $393  $393  $-  $- 

Equity securities:

                

U.S. companies

  10,952   10,952   -   - 

International companies

  475   475   -   - 

Debt and/or fixed income securities

  3,807   3,807   -   - 

Commodity funds

  52   52   -   - 

Real estate funds

  25   25   -   - 

Total

 $15,704  $15,704  $-  $- 

 

  

December 31,

             
  

2025

  

Fair Value Measurements at Reporting Date Using

 
      

Quoted Prices

  

Significant

     
      

in Active

  

Other

  

Significant

 
      

Markets for

  

Observable

  

Unobservable

 

Legacy FLIC Plan

     

Identical Assets

  

Inputs

  

Inputs

 

Asset Class

     

(Level 1)

  

(Level 2)

  

(Level 3)

 
  

(dollars in thousands)

 

Cash

 $-  $-  $-  $- 

Equity securities:

                

U.S. companies

  10,316   10,316   -   - 

International companies

  5,893   5,893   -   - 

Debt and/or fixed income securities

  46,333   -   46,333   - 

Total

 $62,542  $16,209  $46,333  $- 

 

Fair Value of Plan Assets

 

The Company used the following valuation methods and assumptions to estimate the fair value of assets held by the plan (for further information on fair value methods, see Note 21):

 

Equity securities and real estate funds: The fair values for equity securities and real estate funds are determined by quoted market prices, if available (Level 1). For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2).

 

 

Debt and fixed income securities: Certain debt securities are valued at the closing price reported in the active market in which the bond is traded (Level 1). Other debt securities are valued based upon recent bid prices or the average of recent bid and asked prices when available (Level 2) and, if not available, they are valued through matrix pricing models developed by sources considered by management to be reliable. Matrix pricing, which is a mathematical technique commonly used to price debt securities that are not actively traded, values debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3). Discounted cash flows are calculated using spread to continuous yield or quoted market pricing curves. During times when trading is more liquid, broker quotes are used (if available) to validate the model. Rating agency and industry research reports as well as defaults and deferrals on individual securities are reviewed and incorporated into the calculations.

 

The investment manager is not authorized to purchase, acquire or otherwise hold certain types of market securities (subordinated bonds, real estate investment trusts, limited partnerships, naked puts, naked calls, stock index futures, oil, gas or mineral exploration ventures or unregistered securities) or to employ certain types of market techniques (margin purchases or short sales) or to mortgage, pledge, hypothecate, or in any manner transfer as security for indebtedness, any security owned or held by the Plan.

 

Cash Flows

 

Contributions

 

The Bank does not expect to make a contribution to either of the Plans: in 2026.

 

Estimated Future Benefit Payments

 

The following benefit payments for the Legacy CNOB plan, which reflect expected future service, as appropriate, for the following years are as follows:

  

Year (dollars in thousands)

  

Amount

 

2026

  $729 

2027

   732 

2028

   730 

2029

   715 

2030

   697 
2031 – 2035   3,203 

 

The following benefit payments for the Legacy FLIC plan, which reflect expected future service, as appropriate, for the following years are as follows:

 

Year (dollars in thousands)

  

Amount

 

2026

  $3,283 

2027

   3,258 

2028

   3,346 

2029

   3,360 

2030

   3,400 
2031 - 2035   17,325 

 

 

401(k) Plan

 

The Company maintains a 401(k) plan to provide for defined contributions which covers substantially all employees of the Company. Beginning with the 2014 plan year, the 401(k) plan was amended to provide for a match of 50% of elective contributions, up to 6% of employee salaries. In 2018, the 401(k) plan was amended to provide for 100% matching of employee contributions up to 5% of employee salaries. For 2025, 2024 and 2023, employer contributions amounted to $3.1 million, $2.8 million and $2.6 million, respectively.

 

Supplemental Executive Retirement Plan (“SERP”)

 

During 2019 and in 2022, the Company adopted supplemental executive retirement plans (“SERP”) for the benefit of several of its executive officers. Each SERP is a non-qualified plan which provides supplemental retirement benefits to the participating officers of the Company. SERP compensation expense was $0.5 million, $1.2 million and $0.4 million for the years ended December 31, 2025, December 31, 2024 and December 31, 2023, respectively.

 
v3.25.4
Note 18 - Stock Based Compensation
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Share-Based Payment Arrangement [Text Block]

Note 18 – Stock Based Compensation

 

The Company’s stockholders approved the 2017 Equity Compensation Plan (“the Plan”) on May 23, 2017. The Plan eliminates all remaining issuable shares under previous plans and is the only outstanding plan as of December 31, 2025. On May 30, 2023, the Company's stockholders approved an amendment to the Plan that increased the maximum number of shares issuable to 1,200,000. Grants under the Plan can be in the form of stock options (qualified or non-qualified), restricted shares, deferred stock units or performance units. Shares available for grant and issuance under the Plan as of December 31, 2025 are approximately 169,899. The Company intends to issue all shares under the Plan in the form of newly issued shares.

 

As of both December 31, 2025 and December 31, 2024, the Company did not have any outstanding stock options. Restricted stock and deferred stock units typically have a three-year vesting period starting one year after the date of grant with one-third vesting each year. Restricted stock granted to new employees and board members may be granted with shorter vesting periods. Grants of performance units typically have a cliff vesting after three years or upon a change of control. All issuances are subject to forfeiture if the recipient leaves or is terminated prior to the awards vesting. Restricted shares have the same dividend and voting rights as common stock, while options, performance units and deferred stock units do not.

 

All awards are issued at the fair value of the underlying shares at the grant date. The Company expenses the cost of the awards, which is determined to be the fair market value of the awards at the date of grant, ratably over the vesting period. Forfeiture rates are not estimated but are recorded as incurred. Stock-based compensation expense was $4.6 million, $4.6 million and $4.9 million for the years ended December 31, 2025, 2024 and 2023, respectively.

 

Activity under the Company’s restricted shares for year ended December 31, 2025 was as follows:

 

      

Weighted-

 
      

Average

 
  

Nonvested

  

Grant Date

 
  

Shares

  

Fair Value

 

Nonvested as of December 31, 2024

  110,340  $18.26 

Granted

  75,525   23.50 

Vested

  (71,642)  20.61 

Forfeited

  (3,874)  20.40 

Nonvested December 31, 2025

  110,349   20.25 

 

 

As of December 31, 2025, there was approximately $0.9 million of total unrecognized compensation cost related to nonvested restricted shares granted. The cost is expected to be recognized over a weighted average period of 1.1 years.

 

A summary of the status of unearned performance unit awards and the change during the period is presented in the table below:

 

          

Weighted

 
          

Average Grant

 
  

Units

  

Units

  

Date Fair

 
  

(expected)

  

(maximum)

  

Value

 

Unearned as of December 31, 2024

  189,672      $21.52 

Awarded

  88,681       24.01 

Change in estimate (decrease)

  (19,616)      17.93 

Change in estimate (increase)

  4,197       32.80 

Vested shares

  (43,331)      32.80 

Forfeited/cancelled/expired

  (3,452)      19.01 

Unearned as of December 31, 2025

  216,151   371,976   20.87 

 

As of December 31, 2025, the specific number of shares related to performance units that were expected to vest was 216,151, determined by actual performance in consideration of the established range of the performance targets, which is consistent with the level of expense currently being recognized over the vesting period. Should this expectation change, additional compensation expense could be recorded in future periods or previously recognized expense could be reversed. As of December 31, 2025, the maximum number of performance units that ultimately could vest if performance targets were exceeded is 371,976. During the year ended December 31, 2025, 43,331 shares vested. A total of 23,754 shares were netted from the vested shares to satisfy employee tax obligations. The net shares issued from vesting of performance units during the year ended December 31, 2025 were 19,577 shares. As of December 31, 2025, compensation cost of approximately $2.0 million related to non-vested performance units not yet recognized is expected to be recognized over a weighted-average period of 1.7 years.

 

A summary of the status of unearned deferred stock units and the changes in deferred stock units during the period is presented in the table below:

 

      

Weighted

 
      

Average Grant

 
  

Units

  

Date Fair

 
  

(expected)

  

Value

 

Unearned as of December 31, 2024

  181,836  $20.32 

Awarded

  80,010   24.01 

Vested shares

  (91,364)  21.35 

Unearned as of December 31, 2025

  170,482  $21.50 

 

Any shares cancelled would result in previously recognized expense being reversed. A portion of the shares that vest will be netted out to satisfy the tax obligations of the recipient. During the year ended December 31, 2025, 91,364 shares vested. A total of 48,743 shares were netted from the vested shares to satisfy employee tax obligations. The net shares issued from vesting of deferred stock units during the year ended December 31, 2025 were 42,621 shares. As of December 31, 2025, compensation cost of approximately $1.2 million related to non-vested deferred stock units, not yet recognized, is expected to be recognized over a weighted-average period of 1.4 years.

 
v3.25.4
Note 19 - Dividends and Other Restrictions
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Restrictions on Dividends, Loans and Advances [Text Block]

Note 19 – Dividends and Other Restrictions

 

Certain restrictions, including capital requirements, exist on the availability of undistributed net profits of the Bank for the future payment of dividends to the Parent Corporation. A dividend may not be paid if it would impair the capital of the Bank. As of December 31, 2025, approximately $391.4 million was available for payment of dividends based on regulatory guidelines.

 
v3.25.4
Note 20 - Derivatives
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Derivative Instruments and Hedging Activities Disclosure [Text Block]

Note 20 – Derivatives

 

As part of our overall asset liability management and strategy the Company uses derivative instruments, which can include interest rate swaps, collars, caps, and floors. The notional amount does not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual agreements. Derivative instruments are recognized on the balance sheet at their fair value and are not reported on a net basis.

 

Derivatives Designated as Hedges

 

Subsequent changes in fair value for a hedging instrument that has been designated and qualifies as part of a hedging relationship are accounted for in the following manner:

 

1) Cash flow hedges: changes in fair value are recognized as a component in other comprehensive income

2) Fair value hedges: changes in fair value are recognized concurrently in earnings

 

As long as a hedging instrument is designated and the results of the effectiveness testing support that the instrument qualifies for hedge accounting treatment, 100% of the periodic changes in fair value of the hedging instrument are accounted for as outlined above. This is the case whether or not economic mismatches exist in the hedging relationship. As a result, there is no periodic measurement or recognition of ineffectiveness. Rather, the full impact of hedge gains and losses is recognized in the period in which the hedged transactions impact earnings. The change in fair value of the hedging instrument that is included in the assessment of hedge effectiveness is presented in the same income statement line item that is used to present the earnings effect of the hedged item.

 

 Cash Flow Hedges

 

The Company has entered into thirteen pay fixed-rate interest rate swaps, with a total notional amount of $700 million. These are designated as cash flow hedges of outstanding Federal Home Loan Bank advances. We are required to pay fixed rates of interest ranging from 0.63% to 3.72% and receive variable rates of interest that reset quarterly based on the daily compounding secured overnight financing rate (“SOFR”). The swaps carry expiration dates ranging from  March 2026 to  November 2028. The swaps are determined to be fully effective during the period presented and therefore no amount of ineffectiveness has been included in net income. Therefore, the aggregate fair value of the swap is recorded in other assets (liabilities) with changes in fair value recorded in other comprehensive income (loss). The amount included in accumulated other comprehensive income (loss) would be reclassified to current earnings should the hedges no longer be considered effective. The Company expects the hedges to remain fully effective during the remaining term of the swaps. 

 

The Company previously entered into two forward starting interest rate cap spread transactions, one with a total notional amount of $150 million, which became effective on  October 1, 2022 and which matures in  October of 2027 and one interest rate cap spread transaction, with a total notional amount of $75 million, which became effective in  November 2022 and which matures in  November of 2027. These are designated as cash flow hedges of brokered certificates of deposit, and the interest rate cap spread is indexed to a benchmark of fed funds with payment required on a monthly basis. The structure of these instruments is such that the Company entered into a total of $225 million in notional amount of sold interest rate cap agreements, in which we are required to pay the counterparty an incremental amount if the index rate exceeds a set cap rate. Simultaneously, the Company purchased a total of $225 million notional amount of interest rate cap agreements in which we receive an incremental amount if the index rate is above a set cap rate. No payments are required if the index rate is at, or below, the cap rate on the sold or purchased interest rate cap agreements.

 

Interest income recorded on these swap and cap transactions totaled approximately $17.2 million, $21.8 million, and $20.2 million during 2025, 2024, and 2023 and is reported as a component of either interest expense on FHLB advances or brokered certificates of deposits.

 

 

The following table presents the net gains (losses), recorded in accumulated other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the years ended December 31, 2025 and December 31, 2024:

 

  

2025

 
  

Amount of gain

  

Amount of (gain)

  

Amount of gain (loss)

 
  

(loss) recognized

  

loss reclassified

  

recognized in other

 
  

in OCI (Effective

  

from OCI to

  

Noninterest income

 

(dollars in thousands)

 

Portion)

  

interest expense

  

(Ineffective Portion)

 

Interest rate contracts

 $(2,618) $(17,219) $- 

 

  

2024

 
  

Amount of gain

  

Amount of (gain)

  

Amount of gain (loss)

 
  

(loss) recognized

  

loss reclassified

  

recognized in other

 
  

in OCI (Effective

  

from OCI to

  

Noninterest income

 

(dollars in thousands)

 

Portion)

  

interest expense

  

(Ineffective Portion)

 

Interest rate contracts

 $17,547  $(21,762) $- 

 

The following table reflects the cash flow hedges included in the Consolidated Statements of Condition as of December 31, 2025 and December 31, 2024:

 

  

2025

  

2024

 
  

Notional

      

Notional

     

(dollars in thousands)

 

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Included in other assets/(liabilities):

                

Interest rate contracts

 $1,150,000  $15,370  $1,000,000  $37,398 

 

There were no net gains (losses) recorded in accumulated other comprehensive income or in the Consolidated Statement of Income relating to cash flow derivative instruments for the years ended December 31, 2025 and December 31, 2024.

 

 

 Derivatives Not Designated as Hedges

 

As part of the merger with FLIC, the Bank acquired interest rate swap agreements (each, a “back-to-back swap”) that are not designated as hedging instruments. A back-to-back swap allows a borrower to effectively convert a variable rate loan to a fixed rate. The Bank originates a variable rate loan with a borrower and simultaneously enters into offsetting back-to-back swaps with the borrower and an unaffiliated dealer counterparty to minimize interest rate risk. In connection with each swap transaction, the Bank agrees to pay interest to the borrower on a notional amount at a variable interest rate and receives interest from the borrower on a similar notional amount at a fixed interest rate. Concurrently, the Bank agrees to pay the dealer counterparty the same fixed interest rate on the same notional amount and receives the same variable interest rate on the same notional amount. Because the Bank acts as an intermediary for its borrower, changes in the fair value of the underlying derivative contracts offset each other and do not impact the Bank’s results of operations.

 

The following table reflects the back-to-back swaps that are not designated as hedging instruments as of December 31, 2025:

 

  

December 31, 2025

 
      

Notional

  

Fair Value

  

Fair Value

 

(in thousands)

 

Positions

  

Amount

  

Asset

  

Liabilities

 

Derivatives not designated as hedging instruments included in other assets / other liabilities:

                

Interest rate swaps with borrowers

  3  $35,914  $229  $- 

Interest rate swaps with offsetting counterparties

  3   35,914   -   229 

 

 

 

 

 

 

 
v3.25.4
Note 21 - Fair Value Measurements and Fair Value of Financial Instruments
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Fair Value Disclosures [Text Block]

Note 21 – Fair Value Measurements and Fair Value of Financial Instruments

 

Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.

 

FASB ASC 820-10, “Fair Value Measurements and Disclosures”, is the standard used to govern disclosures related to fair value measurements. FASB ASC 820-10-05 defines fair value, establishes a framework for measuring fair value, establishes a three-level valuation hierarchy for disclosure of fair value measurements and enhances disclosure requirements for fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date.

 

FASB ASC 820-10-65 provides additional guidance for estimating fair value in accordance with FASB ASC 820-10-05 when the volume and level of activity for the asset or liability have significantly decreased. This ASC also includes guidance on identifying circumstances that indicate a transaction is not orderly.

 

FASB ASC 820-10-05 establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under FASB ASC 820-10-05 are as follows:

 

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

 

Level 2: Quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

 

Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (for example, supported with little or no market activity).

 

An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to the wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful.

 

 

Assets and Liabilities Measured at Fair Value on a Recurring Basis

 

The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a recurring basis as of December 31, 2025 and December 31, 2024:

 

Securities Available-for-Sale: Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 inputs include securities that have quoted prices in active markets for identical assets. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Examples of instruments which would generally be classified within Level 2 of the valuation hierarchy include municipal bonds and certain agency collateralized mortgage obligations. In certain cases where there is limited activity in the market for a particular instrument, assumptions must be made to determine the fair value of the instruments, and these are classified as Level 3. When measuring fair value, the valuation techniques available under the market approach, income approach and/or cost approach are used. The Company’s evaluations are based on market data and the Company employs combinations of these approaches for its valuation methods depending on the asset class.

 

Derivatives: The fair value of derivatives is based on valuation models using observable market data as of the measurement date (level 2). Our derivatives are traded in an over-the-counter market where quoted market prices are not always available. Therefore, the fair values of derivatives are determined using quantitative models that utilize multiple market inputs. The inputs will vary based on the type of derivative, but could include interest rates, prices and indices to generate continuous yield or pricing curves, prepayment rate, and volatility factors to value the position. The majority of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services.

 

 

For financial assets and liabilities measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used as of December 31, 2025 and  December 31, 2024 are as follows:

 

      

December 31, 2025

 
      

Fair Value Measurements at Reporting Date Using

 
      

Quoted Prices

         
      

in Active

  

Significant

     
      

Markets for

  

Other

  

Significant

 
      

Identical

  

Observable

  

Unobservable

 
      

Assets

  

Inputs

  

Inputs

 
  

Total Fair Value

  

(Level 1)

  

(Level 2)

  

(Level 3)

 

(dollars in thousands)

                

Recurring fair value measurements:

                

Assets

                

Investment securities:

                

Available-for-sale:

                

Federal agency obligations

 $391,190  $-  $391,190  $- 

Residential mortgage pass-through securities

  607,144   -   607,144   - 

Commercial mortgage pass-through securities

  26,969   -   26,969   - 

Obligations of U.S. states and political subdivision

  212,409   -   205,897   6,512 

Corporate bonds and notes

  12,519   -   12,519   - 

Asset-backed securities

  525   -   525   - 

Other securities

  182   182   -   - 

Total available-for-sale

 $1,250,938  $182  $1,244,244  $6,512 
                 

Equity securities

  19,287   10,073   9,214   - 

Derivatives - interest rate contracts

  16,074   -   16,074   - 

Total assets

 $1,286,299  $10,255  $1,269,532  $6,512 
                 

Liabilities

                

Derivatives - interest rate contracts

  704   -   704   - 

Total liabilities

 $704  $-  $704  $- 

 

 

 

      

December 31, 2024

 
      

Fair Value Measurements at Reporting Date Using

 
      

Quoted Prices

         
      

in Active

  

Significant

     
      

Markets for

  

Other

  

Significant

 
      

Identical

  

Observable

  

Unobservable

 
      

Assets

  

Inputs

  

Inputs

 
  

Total Fair Value

  

(Level 1)

  

(Level 2)

  

(Level 3)

 

(dollars in thousands)

                

Recurring fair value measurements:

                

Assets

                

Investment securities:

                

Available-for-sale:

                

Federal agency obligations

 $84,670  $-  $84,670  $- 

Residential mortgage pass-through securities

  378,838   -   378,838   - 

Commercial mortgage pass-through securities

  20,892   -   20,892   - 

Obligations of U.S. states and political subdivision

  122,404   -   115,878   6,526 

Corporate bonds and notes

  4,987   -   4,987   - 

Asset-backed securities

  885   -   885   - 

Other securities

  171   171   -   - 

Total available-for-sale

 $612,847  $171  $606,150  $6,526 
                 

Equity securities

  20,092   9,739   10,353   - 

Derivatives - interest rate contracts

  37,398   -   37,398   - 

Total assets

 $670,337  $9,910  $653,901  $6,526 

 

There were no transfers between Level 1, Level 2 and Level 3 during the years ended December 31, 2025 and 2024.

 

Assets Measured at Fair Value on a NonRecurring Basis

 

The Company may be required periodically to measure certain assets at fair value on a nonrecurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of lower of cost or fair value accounting or impairment write-downs of individual assets. The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a non-recurring basis as of December 31, 2025 and December 31, 2024:

 

 

Collateral Dependent Loans: The Company may record adjustments to the carrying value of loans based on fair value measurements, either as an individually evaluated allowance or as partial charge-offs of the uncollectible portions of these loans. Individually evaluated allowances are calculated in accordance with GAAP. Individually evaluated allowances are generally based on the fair value of the underlying collateral supporting the loan and, as a result, the carrying value of the loan less the individually evaluated allowance amount applicable to that loan does not necessarily represent the fair value of the loan. Real estate collateral is valued using independent appraisals or other indications of value based on recent comparable sales of similar properties or assumptions generally observable by market participants. However, due to the substantial judgment applied and limited volume of activity as compared to other assets, fair value is based on Level 3 inputs. Estimates of fair value used for collateral supporting commercial loans generally are based on assumptions not observable in the marketplace and are also based on Level 3 inputs.

 

For assets measured at fair value on a nonrecurring basis, the fair value measurements as of December 31, 2025 and  December 31, 2024 are as follows:

 

 

      

Fair Value Measurements at Reporting Date Using

 
      

Quoted

         
      

Prices

         
      

in Active

  

Significant

     
      

Markets for

  

Other

  

Significant

 
      

Identical

  

Observable

  

Unobservable

 
  

December 31,

  

Assets

  

Inputs

  

Inputs

 
  

2025

  

(Level 1)

  

(Level 2)

  

(Level 3)

 

Assets measured at fair value on a nonrecurring basis:

 

(dollars in thousands)

 

Collateral dependent loans:

                

Commercial

 $693  $-  $-  $693 

 

      

Fair Value Measurements at Reporting Date Using

 
      

Quoted

         
      

Prices

         
      

in Active

  

Significant

     
      

Markets for

  

Other

  

Significant

 
      

Identical

  

Observable

  

Unobservable

 
  

December 31,

  

Assets

  

Inputs

  

Inputs

 
  

2024

  

(Level 1)

  

(Level 2)

  

(Level 3)

 

Assets measured at fair value on a nonrecurring basis:

 

(dollars in thousands)

 

Collateral dependent loans:

                

Commercial

 $793  $-  $-  $793 

Commercial real estate

  2,913   -   -   2,913 
                 

 

Collateral dependent loans - Collateral dependent loans as of December 31, 2025 that required a valuation allowance were $0.8 million with a related valuation allowance of $0.1 million. As of  December 31, 2024 loans that required a valuation allowance were $4.7 million with a related valuation allowance of $1.1 million.

 

 

Assets Measured With Significant Unobservable Level 3 Inputs

 

Recurring basis

 

The tables below present a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the years ended December 31, 2025 and year ended December 31, 2024:

 

  

Municipal

 
  

Securities

 
  

(dollars in thousands)

 

Beginning balance, January 1, 2025

 $6,526 

Principal paydowns

  (314)

Changes in unrealized gain

  300 

Ending balance, December 31, 2025

 $6,512 

 

  

Municipal

 
  

Securities

 
  

(dollars in thousands)

 

Beginning balance, January 1, 2024

 $7,122 

Principal paydowns

  (304)

Changes in unrealized loss

  (292)

Ending balance, December 31, 2024

 $6,526 

 

The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a recurring basis as of December 31, 2025 and December 31, 2024. The table below provides quantitative information about significant unobservable inputs used in fair value measurements within Level 3 hierarchy.

 

December 31, 2025

    

Valuation

 

Unobservable

   
  

Fair Value

 

Techniques

 

Input

 

Range

 

Securities available-for-sale:

    

(dollars in thousands)

     

Municipal securities

 $6,512 

Discounted cash flows

 

Discount rate

 4.6%

 

December 31, 2024

    

Valuation

Unobservable

    
  

Fair Value

 

Techniques

Input

 

Range

 

Securities available-for-sale:

    

(dollars in thousands)

     

Municipal securities

 $6,526 

Discounted cash flows

Discount rate

  5.0%

 

 

 

Non-recurring basis

 

The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a non-recurring basis for the periods presented. The tables below provide quantitative information about significant unobservable inputs used in fair value measurements within Level 3 hierarchy.

 

December 31, 2025

 
     

Valuation

 

Unobservable

   

(dollars in thousands)

 

Fair Value

 

Techniques

 

Input

 

Range (weighed average)

 

Commercial loans

 $693 

Appraisals of collateral

 

Adjustment for comparable sales

 

-5% to +15% (+8.1%)

 

 

December 31, 2024

          
     

Valuation

 

Unobservable

   

(dollars in thousands)

 

Fair Value

 

Techniques

 

Input

 

Range (weighed average)

 

Commercial loans

 $726 

Appraisals of collateral

 

Adjustment for comparable sales

 -10% to +5% (-4.3%) 

Commercial real estate loans

  2,913 

Appraisals of collateral

 

Adjustment for comparable sales

 

-40% to +0% (-14.3%)

 
           
           

 

 

Fair Value of Financial Instruments

 

FASB ASC 825-10 requires all entities to disclose the estimated fair value of their financial instrument assets and liabilities. For the Company, as for most financial institutions, the majority of its assets and liabilities are considered financial instruments as defined in FASB ASC 825-10. Many of the Company’s financial instruments, however, lack an available trading market as characterized by a willing buyer and willing seller engaging in an exchange transaction. It is also the Company’s general practice and intent to hold its financial instruments to maturity and not to engage in trading or sales activities except for loans held-for-sale and investment securities available-for-sale. Therefore, significant estimations and assumptions, as well as present value calculations, were used by the Company for the purposes of this disclosure.

 

Fair values for financial instruments must be estimated by management using techniques such as discounted cash flow analysis and comparison to similar instruments. These estimates are highly subjective and require judgments regarding significant matters, such as the amount and timing of future cash flows and the selection of discount rates that appropriately reflect market and credit risks. Changes in these judgments often have a material effect on the fair value estimates. Since these estimates are made as of a specific point in time, they are susceptible to material near-term changes. Fair values disclosed in accordance with ASC Topic 825 do not reflect any premium or discount that could result from the sale of a large volume of a particular financial instrument, nor do they reflect possible tax ramifications or estimated transaction costs.

 

Cash and cash equivalents. The carrying amounts of cash and short-term instruments approximate fair values.

 

FHLB stock. It is not practical to determine the fair value of FHLB stock due to restrictions placed on its transferability.

 

Loans. The fair value of portfolio loans, net is determined using an exit price methodology. The exit price methodology continues to be based on a discounted cash flow analysis, in which projected cash flows are based on contractual cash flows adjusted for prepayments for certain loan types (e.g., residential mortgage loans and multifamily loans) and the use of a discount rate based on expected relative risk of the cash flows. The discount rate selected considers loan type, maturity date, a liquidity premium, cost to service, and cost of capital, which is a Level 3 fair value estimate.

 

Deposits. The carrying amounts of deposits with no stated maturities (i.e., noninterest-bearing, savings, NOW, and money market deposits) are assigned fair values equal to the carrying amounts payable on demand. The fair value of time deposits is based on the discounted value of contractual cash flows using estimated rates currently offered for alternative funding sources of similar remaining maturity.

 

Term Borrowings and Subordinated Debentures. The fair value of the Company’s long-term borrowings and subordinated debentures were calculated using a discounted cash flow approach and applying discount rates currently offered based on weighted remaining maturities.

 

Accrued Interest Receivable/Payable. The carrying amounts of accrued interest approximate fair value resulting in a Level 2 or Level 3 classification based on the level of the asset or liability with which the accrual is associated.

 

 

The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of December 31, 2025 and December 31, 2024:

 

          

Fair Value Measurements

 
          

Quoted

         
          

Prices in

         
          

Active

  

Significant

     
          

Markets for

  

Other

  

Significant

 
          

Identical

  

Observable

  

Unobservable

 
  

Carrying

  

Fair

  

Assets

  

Inputs

  

Inputs

 
  

Amount

  

Value

  

(Level 1)

  

(Level 2)

  

(Level 3)

 
  

(dollars in thousands)

 

December 31, 2025

                    

Financial assets:

                    

Cash and due from banks

 $380,895  $380,895  $380,895  $-  $- 

Investment securities available-for-sale

  1,250,938   1,250,938   182   1,244,244   6,512 

Restricted investment in bank stocks

  54,722   n/a   n/a   n/a   n/a 

Equity securities

  19,287   19,287   10,073   9,214   - 

Net loans

  11,298,975   11,232,658   -   -   11,232,658 

Derivatives - interest rate contracts

  16,074   16,074   -   16,074   - 

Accrued interest receivable

  60,761   60,761   -   5,172   55,589 
                     

Financial liabilities:

                    

Noninterest-bearing deposits

  2,420,397   2,420,397   2,420,397   -   - 

Interest-bearing deposits

  8,820,218   8,816,234   6,023,341   2,792,893   - 

Borrowings

  903,489   902,908   -   902,908   - 

Subordinated debentures

  201,864   204,454   -   204,454   - 

Derivatives - interest rate contracts

  704   704   -   704   - 

Accrued interest payable

  12,740   12,740   -   12,740   - 
                     

December 31, 2024

                    

Financial assets:

                    

Cash and due from banks

 $356,488  $356,488  $356,488  $-  $- 

Investment securities available-for-sale

  612,847   612,847   171   606,150   6,526 

Restricted investment in bank stocks

  40,449   n/a   n/a   n/a   n/a 

Equity securities

  20,092   20,092   9,739   10,353   - 

Net loans

  8,192,125   7,980,038   -   -   7,980,038 

Derivatives - interest rate contracts

  37,398   37,398   -   37,398   - 

Accrued interest receivable

  45,498   45,498   -   5,444   40,054 
                     

Financial liabilities:

                    

Noninterest-bearing deposits

  1,422,044   1,422,044   1,422,044   -   - 

Interest-bearing deposits

  6,398,070   6,387,896   3,840,870   2,547,026   - 

Borrowings

  688,064   687,273   -   687,273   - 

Subordinated debentures

  79,944   77,968   -   77,968   - 

Accrued interest payable

  9,320   9,320   -   9,320   - 

 

 

The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, considering the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair values of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date. The fair value of commitments to originate loans is immaterial and not included in the tables above.

 

Changes in assumptions or estimation methodologies may have a material effect on these estimated fair values.

 

The Company’s remaining assets and liabilities, which are not considered financial instruments, have not been valued differently than has been customary with historical cost accounting. No disclosure of the relationship value of the Company’s core deposit base is required by FASB ASC 825-10.

 

Fair value estimates are based on existing balance sheet financial instruments, without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. For example, there are certain significant assets and liabilities that are not considered financial assets or liabilities, such as the brokerage network, deferred taxes, premises and equipment, and goodwill. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.

 

Management believes that reasonable comparability between financial institutions may not be likely, due to the wide range of permitted valuation techniques and numerous estimates which must be made, given the absence of active secondary markets for many of the financial instruments. This lack of uniform valuation methodologies also introduces a greater degree of subjectivity to these estimated fair values.

 
v3.25.4
Note 22 - Parent Corporation Only Financial Statements
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]

Note 22 – Parent Corporation Only Financial Statements

 

The Parent Corporation operates its wholly-owned subsidiary, the Bank. The earnings of this subsidiary are recognized by the Parent Corporation using the equity method of accounting. Accordingly, earnings are recorded as increases in the Parent Corporation’s investment in the subsidiaries and dividends paid reduce the investment in the subsidiaries. The ability of the Parent Corporation to pay dividends will largely depend upon the dividends paid to it by the Bank. Dividends payable by the Bank to the Parent Corporation are restricted under supervisory regulations (see Note 19 of the Notes to Consolidated Financial Statements).

 

Condensed financial statements of the Parent Corporation only are as follows: 

 

  

Condensed Statements of Condition

 
  

As of December 31,

 
  

2025

  

2024

 
  

(dollars in thousands)

 

ASSETS

        

Cash and cash equivalents

 $55,815  $36,152 

Investment in subsidiaries

  1,711,901   1,276,997 

Investment securities

  156   156 

Equity securities

  7,514   8,654 

Other assets

  1,239   3 

Total assets

 $1,776,625  $1,321,962 

LIABILITIES AND STOCKHOLDERS’ EQUITY

        

Other liabilities

  1,424   314 

Subordinated debentures, net

  201,861   79,944 

Stockholders’ equity

  1,573,340   1,241,704 

Total liabilities and stockholders’ equity

 $1,776,625  $1,321,962 
 
  

Condensed Statements of Income

 
  

For Years Ended December 31,

 
  

2025

  

2024

  

2023

 
  

(dollars in thousands)

 

Income:

            

Dividend income from subsidiaries

 $47,100  $45,950  $50,725 

Other income

  1,382   177   946 

Total Income

  48,482   46,127   51,671 

Expenses

  (15,120)  (5,406)  (6,359)

Income before equity in undistributed earnings of subsidiaries

  33,362   40,721   45,312 

Equity in undistributed earnings of subsidiaries

  47,081   33,072   41,691 

Net Income

  80,443   73,793   87,003 

Preferred dividends

  6,036   6,036   6,036 

Net income available to common stockholders

 $74,407  $67,757  $80,967 

 

 

Note 22 – Parent Corporation Only Financial Statements – (continued)

 

  

Condensed Statements of Cash Flows

 
  

For Years Ended December 31

 
  

2025

  

2024

  

2023

 
  

(dollars in thousands)

 
             

Cash flows from operating activities:

            

Net income

 $80,443  $73,793  $87,003 

Adjustments to reconcile net income to net cash provided by operating activities:

            

Equity in undistributed earnings of subsidiary

  (47,081)  (33,072)  (41,691)

(Gain) loss on equity securities, net

  (1,371)  (164)  131 

Amortization of subordinated debt issuance costs

  641   505   1,184 

Decrease (increase) in other assets

  127   (3)  699 

Increase (decrease) in other liabilities

  1,110   (122)  (1,384)

Net cash provided by operating activities

  33,869   40,937   45,942 
             

Cash flows from investing activities:

            

Purchases of equity securities

  (1,825)  (1,533)  (2,870)

Sales and maturities of available-for-sale securities

  4,336   -   - 

Payments for investments and advances in subsidiaries

  (100,000)  -   (32,250)

Repayment of investments and advances in subsidiaries

  -   -   32,250 

Net cash used in investing activities

  (97,489)  (1,533)  (2,870)
             

Cash flows from financing activities:

            

Proceeds from issuance of subordinated debt

  200,000   -   - 

Redemption of subordinated debt

  (75,000)  -   (75,000)

Payment of subordinated debt issuance costs

  (3,725)  -   - 

Cash dividends paid on preferred stock

  (6,036)  (6,036)  (6,036)

Cash dividends paid on common stock

  (31,956)  (27,281)  (25,912)

Purchase of treasury stock

  -   (5,820)  (17,497)

Proceeds from exercise of stock options

  -   -   96 

Net cash used in financing activities

  83,283   (39,137)  (124,349)
             

Increase (decrease) increase in cash and cash equivalents

  19,663   267   (81,277)

Cash and cash equivalents as of January 1,

  36,152   35,885   117,162 

Cash and cash equivalents as of December 31,

 $55,815  $36,152  $35,885 

 

 
v3.25.4
Note 23 - Quarterly Financial Information of ConnectOne Bancorp, Inc. (Unaudited)
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Quarterly Financial Information [Text Block]

Note 23 – Quarterly Financial Information of ConnectOne Bancorp, Inc. (unaudited)

 

  

2025

 
  

4th Quarter

  

3rd Quarter

  

2nd Quarter

  

1st Quarter

 
  

(dollars in thousands, except per share data)

 

Total interest income

 $186,340  $187,709  $146,030  $124,789 

Total interest expense

  79,745   85,692   67,147   59,033 

Net interest income

  106,595   102,017   78,883   65,756 

Provision for credit losses

  2,300   5,500   35,700   3,500 

Total other income

  6,020   19,409   5,185   4,451 

Other expenses

  56,946   58,673   73,649   39,305 

Income (loss) before income taxes

  53,369   57,253   (25,281)  27,402 

Income tax expense (benefit)

  13,851   16,277   (4,988)  7,160 

Net income (loss)

  39,518   40,976   (20,293)  20,242 

Preferred dividends

  1,509   1,509   1,509   1,509 

Net income (loss) available to common stockholders

 $38,009  $39,467  $(21,802) $18,733 

Earnings per share:

                

Basic

 $0.76  $0.79  $(0.52) $0.49 

Diluted

  0.75   0.78   (0.52)  0.49 

 

Note: Per share amounts for the quarters may not add to the annual total due to the impact of the FLIC merger on the weighted average shares outstanding during the year.

 

  

2024

 
  

4th Quarter

  

3rd Quarter

  

2nd Quarter

  

1st Quarter

 
  

(dollars in thousands, except per share data)

 

Total interest income

 $128,033  $130,242  $130,007  $129,607 

Total interest expense

  63,322   69,355   68,568   69,307 

Net interest income

  64,711   60,887   61,439   60,300 

Provision for credit losses

  3,500   3,800   2,500   4,000 

Total other income, net of securities gains

  3,744   4,737   4,399   3,848 

Other expenses

  38,498   38,641   37,594   37,065 

Income before income taxes

  26,457   23,183   25,744   23,083 

Income tax expense

  6,086   6,022   6,688   5,878 

Net income

  20,371   17,161   19,056   17,205 

Preferred dividends

  1,509   1,509   1,509   1,509 

Net income available to common stockholders

 $18,862  $15,652  $17,547  $15,696 

Earnings per share:

                

Basic

 $0.49  $0.41  $0.46  $0.41 

Diluted

  0.49   0.41   0.46   0.41 

 

Note: The sum of the quarterly earnings per share amounts for 2024 does not equal the annual earnings per share due to rounding differences. .

 
v3.25.4
Note 24 - Segment Information
 12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

Note 24 – Segment Information

 

The Company's reportable segment is determined by the Chief Executive Officer, who is designated the Chief Operating Decision Maker ("CODM"), based upon information about the Company's products and services offered, primarily banking operations. The segment is also distinguished by the level of information provided to the CODM, who uses such information to review performance of various components of the business (such as branches and subsidiary banks), which are then aggregated if operating performance, products/services, and customers are similar. The CODM will evaluate the financial performance of the Company's business components such as by evaluating revenue streams, significant expenses, and budget to actual results in assessing the Company's segment and in the determination of allocating resources. The CODM uses revenue streams to evaluate product pricing and significant expenses to assess performance and evaluate return on assets. The CODM uses consolidated net income to benchmark the Company against its competitors. The benchmarking analysis coupled with monitoring of budget to actual results are used in assessment performance and in establishing compensation. Loans, investments, and deposits provide the revenues in the banking operation. Interest expense, provision for credit losses, and payroll provide the significant expenses in the banking operation. All operations are domestic.  

 

Accounting policies for segments are the same as those described in Note 1a. Segment performance is evaluated using consolidated Bank net income. Information reported internally for performance assessment by the CODM follows, inclusive of reconciliations of significant segment totals to the financial statements:

 

  

Consolidated Bank

 
  

2025

  

2024

  

2023

 

(dollars in thousands)

            
             

Interest income

 $644,868  $517,889  $490,065 

Noninterest income

  33,361   16,563   14,131 

Total segment income

 $678,229  $534,452  $504,196 
             

Less:

            

Interest expense

  276,750   265,314   229,789 

Segment net interest income and noninterest income

  401,479   269,138   274,407 

Less:

            

Provision for credit losses

  47,000   13,800   8,200 

Salaries and employee benefits

  111,423   90,053   88,223 

Other segment items*

  116,575   61,590   55,613 

Income tax expense

  32,300   24,673   29,955 

Segment consolidated net income

 $94,181  $79,022  $92,416 
             

Other segment disclosures

            

Interest income

 $644,868  $517,889  $490,065 

Interest expense

  276,750   265,314   229,789 

Depreciation

  6,087   4,422   4,503 

Amortization of core deposit intangibles

  7,922   1,235   1,438 

Other significant noncash items:

            

Provision for credit losses

  47,000   13,800   8,200 

Segment assets

  13,993,791   9,870,788   9,848,491 

Total expenses for segment assets

  584,048   455,431   411,781 
             

Reconciliation of assets

            

Total assets for segment

 $13,993,791  $9,870,788  $9,848,491 

Other assets

  8,909   8,812   7,112 

Total consolidated assets

 $14,002,700  $9,879,600  $9,855,603 

 

*Other segment items for the consolidated Bank include expenses for occupancy and equipment, FDIC insurance, professional and consulting, marketing and advertising, information technology and communications, restructuring and exit charges, merger expenses, branch closing expenses and other expenses. 

 
v3.25.4
Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation and Principals of Consolidation

 

The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles. The consolidated financial statements of the Parent Corporation are prepared on an accrual basis and include the accounts of the Parent Corporation and the Company. All significant intercompany accounts and transactions have been eliminated from the accompanying consolidated financial statements.

 
Segment Reporting, Policy [Policy Text Block]

Segments

 

FASB ASC 28, “Segment Reporting,” requires companies to report certain information about operating segments. The Company is managed as one segment: a community bank. All decisions including but not limited to loan growth, deposit funding, interest rate risk, credit risk and pricing are determined after assessing the effect on the totality of the organization. For example, loan growth is dependent on the ability of the organization to fund this growth through deposits or other borrowings. As a result, the Company is managed as one operating segment. See Note 24 for disclosures related to the reportable segment.

 
Use of Estimates, Policy [Policy Text Block]

Use of Estimates

 

In preparing the consolidated financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the consolidated statements of condition and that affect the results of operations for the periods presented. Actual results could differ significantly from those estimates.

 

 

 

 
Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

 

Cash and cash equivalents include cash, deposits with other financial institutions with maturities of less than 90 days, and federal funds sold. Net cash flows are reported for client loan and deposit transactions, interest-bearing deposits in other financial institutions, and federal funds purchased and repurchase agreements.

 
Investment, Policy [Policy Text Block]

Investment Securities

 

The Company accounts for its investment securities in accordance with FASB ASC 320, “Investments-Debt and Equity Securities”. Investments are classified into the following categories: (1) held-to-maturity securities, for which the Company has both the positive intent and ability to hold until maturity, which are reported at amortized cost; (2) trading securities, which are purchased and held principally for the purpose of selling in the near term and are reported at fair value with unrealized gains and losses included in earnings; and (3) available-for-sale securities, which do not meet the criteria of the other two categories and which management believes may be sold prior to maturity due to changes in interest rates, prepayment risk, liquidity or other factors, and are reported at fair value, with unrealized gains and losses, net of applicable income taxes, reported as a component of accumulated other comprehensive income, which is included in stockholders’ equity and excluded from earnings.

 

Investment securities are adjusted for amortization of premiums and accretion of discounts as adjustments to interest income, which are recognized on a level yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Investment securities gains or losses are determined using the specific identification method.

 

Investment securities available-for-sale are carried at fair value, with unrealized holding gains and losses reported in comprehensive income, net of tax. Interest income includes amortization of purchase premiums or discounts. Premiums and discounts on securities are generally amortized using the level-yield method without estimating prepayments, except for mortgage-backed securities, where prepayment rates are estimated. Premiums on callable investment securities are amortized to their earliest call date. Gains and losses on sales of securities are recorded on the trade date and determined using the specific identification method.

 

 

 

For available-for-sale investment securities which are in an unrealized loss position, the Company will first assess whether we intend to sell, or it is more likely than not, that we will be required to sell the security before recovery of the amortized cost basis. If either of the criteria is met, the amortized cost basis of the security is written down to fair value through income. For available-for-sale investment securities that do not meet the aforementioned criteria, we evaluate whether the decline in fair value has resulted from an actual or estimated credit loss event or other factors. In making this assessment, we consider the extent to which fair value is less than amortized cost, changes to the rating of the security, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss is likely, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of the cash flows expected to be collected is less than the amortized cost basis, an allowance for credit losses is recorded for the estimated credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit loss is recognized in other comprehensive income, net of tax. The Company elected the practical expedient of zero loss estimates for securities issued by U.S. government entities and agencies. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major agencies and have a long history of no credit losses.

 
Equity Securities without Readily Determinable Fair Value [Policy Text Block]

Equity Securities

 

The Company’s investments in equity securities are recorded at fair value, with unrealized gains and losses included in earnings.

 
Financing Receivable, Held-for-Sale [Policy Text Block]

Loans Held-for-Sale

 

Residential mortgage loans, originated and intended for sale in the secondary market, are carried at the lower of aggregate cost or estimated fair value as determined by outstanding commitments from investors. For these loans originated and intended for sale, gains and losses on loan sales (sale proceeds minus carrying value) are recorded in other income and direct loan origination costs and fees are deferred at origination of the loan and are recognized in other income upon sale of the loan.

 

Other loans held-for-sale are carried at the lower of aggregate cost or estimated fair value. Fair value on these loans is determined based on the terms of the loan, such as interest rate, maturity date, and reset term, as well as sales of similar assets.

 
Financing Receivable [Policy Text Block]

Loans

 

Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance outstanding, net of deferred loan fees and costs, purchase premium and discounts and an allowance for credit losses. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the level-yield method without anticipating prepayments.

 

Loan segments are defined as a group of loans, which share similar initial measurement attributes, risk characteristics, and methods for monitoring and assessing credit risk. Management has determined that the Company has five segments of loans: commercial, commercial real estate, commercial construction, residential real estate (including home equity) and consumer.

 

 

Loans that are 90 days past due are placed on nonaccrual and previously accrued interest is reversed and charged against interest income unless the loans are both well-secured and in the process of collection. Past due status is based on the contractual terms of the loan. In certain cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. Nonaccrual loans include both homogeneous loans that are collectively evaluated for credit losses and loans individually analyzed for credit losses.

 

All interest accrued but not received for loans placed on nonaccrual is reversed against interest income. Interest received on such loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

 

The policy of the Company is to grant commercial, residential and consumer loans to residents and businesses within the market-areas served by its offices in New Jersey, New York and Florida. The borrowers’ abilities to repay their obligations are dependent upon various factors including the borrowers’ income and net worth, cash flows generated by the borrowers’ underlying collateral, value of the underlying collateral, and priority of the lender’s lien on the property. Such factors are dependent upon various economic conditions and individual circumstances beyond the control of the Company. The Company is therefore subject to risk of loss. The Company believes its lending policies and procedures adequately minimize the potential exposure to such risks and that adequate provisions for credit losses are provided for all known and inherent risks. Collateral and/or personal guarantees are required for a large majority of the Company’s loans.

 
Credit Loss, Financial Instrument [Policy Text Block]

Allowance for Credit Losses

 

The allowance for credit losses is an estimate of current expected credit losses considering available information relevant to assessing the collectability of cash flows over the contractual term of the financial assets necessary to cover lifetime expected credit losses inherent in financial assets at the balance sheet date. The measurement of expected credit losses is applicable to loans receivable and investment securities measured at amortized cost. It also applies to off-balance-sheet credit exposures such as loan commitments and unused lines of credit. Loan losses are charged against the allowance for credit losses when the Company believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance for credit losses. The allowance is established through a provision for credit losses that is charged against income. The methodology for determining the allowance for credit losses is considered a critical accounting policy by management because of the high degree of judgment involved, the subjectivity of the assumptions used, and the potential for changes in the forecasted economic environment that could result in changes to the amount of the recorded allowance for credit losses. The expected credit loss for unfunded loan commitments is reported on the consolidated statement of financial condition in other liabilities.

 

For financial assets, the allowance for credit losses is a valuation account that is deducted from, or added to, the amortized cost basis of the financial assets to present the net amount expected to be collected on the financial assets. The Company's methodology to estimate the allowance for credit losses has two components: (i) a collective reserve component for estimated lifetime expected credit losses for pools of loans that share common risk characteristics and (ii) an individual reserve component for loans that do not share common risk characteristics. The Company maintains an allowance for unfunded credit commitments mainly consisting of undisbursed non-cancellable lines of credit, new loan commitments and commercial letters of credit.

 

Information relevant to establishing an estimate of current expected credit losses includes historical credit loss experience on financial assets with similar risk characteristics, current conditions, and reasonable and supportable forecasts that affect the collectability of the remaining cash flows over the contractual term of the financial assets. The Company reports in net income (as a credit loss expense) the amount necessary to adjust the allowance for credit losses and liabilities for credit losses on off-balance-sheet credit exposures for the current estimate of expected credit losses.

 

 

Expected credit losses of financial assets are measured on a collective (pooled) basis when similar risk characteristic(s) exist. If the Company determines that a financial asset does not share risk characteristics with other financial assets, the Company will evaluate the financial asset for expected credit losses on an individual basis. Financial assets are assessed once, either through collective assessments or individual assessments. For pooled loan segments, utilizing a quantitative analysis, the Company calculates estimated credit losses using a probability of default and loss given default methodology, the results of which are applied to the aggregated discounted cash flow of each individual loan within the segment. In the absence of relevant and reliable internal data, probability of default and loss given default rates are determined using peer data. The point in time probability of default and loss given default are then conditioned by macroeconomic scenarios to incorporate reasonable and supportable forecasts that affect the collectability of the reported amount. Financial assets may be segmented based on one characteristic, or a combination of characteristics. Examples of risk characteristics relevant to the Company’s evaluation include, but were not limited to: (1) Internal or external credit scores or credit ratings, (2) Risk ratings or classifications, (3) Financial asset type, (4) Collateral type, (5) Size, (6) Effective interest rate, (7) Term, (8) Geographical location, (9) Industry of the borrower and (10) Vintage.

 

The Company’s quantitative analysis also considers relevant available information from internal and external sources related to past events and current conditions, as well as the incorporation of reasonable and supportable forecasts. The Company evaluates a variety of factors including third-party economic forecasts, industry trends and other available published economic information in arriving at its forecasts. After the reasonable and supportable forecast period, the Company reverts, on a straight-line basis, to average historical losses. Expected credit losses are estimated over the contractual term of the loans, adjusted for expected prepayments when appropriate.

 

Included in the allowance for credit losses are qualitative reserves to cover losses that are expected but, in the Company’s assessment, may not be adequately represented in the quantitative analysis or the forecasts described above. Each qualitative loss factor, for each loan segment within the portfolio, incorporates consideration for a minimum to maximum range for loss factors derived from either the Company’s historical loss experience, or peer group historical charge-off experience. These qualitative factor adjustments may increase or decrease the Company’s estimate of expected credit losses and are applied to each loan segment.

 

The Bank evaluates individual instruments for expected credit losses when those instruments do not share similar risk characteristics with instruments evaluated using a collective (pooled) basis. The Company evaluates the pooling methodology at least annually. Loans transition from defined segments to individual analysis when credit characteristics, or risk traits, change in a material manner. A loan is considered for individual analysis when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by the Company in determining individual analysis include payment status and the probability of collecting scheduled principal and interest payments, when due.

 

Nonaccrual loans that are $250,000 or higher and all purchased credit-deteriorated ("PCD") loans are individually analyzed. Loans that are designated as nonaccrual with balances of less than $250,000 are collectively evaluated, and, accordingly, are not separately identified for analysis or disclosures. Individual analysis will establish an individually evaluated allowance for instruments in scope.

 

For collateral dependent loans, when it is determined that a foreclosure is probable, the allowance for credit losses is determined on a loan level basis using the fair value of the collateral as of the reporting date, less estimated disposition costs (“net fair value”), which will ensure that the credit loss is not delayed until the time at which the actual foreclosure takes place. In the event that this fair value is less than the amortized cost basis of these specific loans, the Company will recognize the difference between the net fair value at the reporting date and the amortized cost basis in the allowance for credit losses. If the fair value of the collateral has increased as of the evaluation date, the increase in the fair value of the collateral is reflected through a reduction in the allowance for credit losses. Adjustments for estimated disposition costs are not appropriate when the repayment of a collateral-dependent loan is expected from the operation of the collateral. If repayment is based upon future expected cash flows, the present value of the expected future cash flows discounted at the loan’s original effective interest rate is compared to the carrying value of the loan, and any shortfall is recorded as the allowance for credit losses. The effective interest rate used to discount expected cash flows is adjusted to incorporate expected prepayments, if applicable.

 

 
Impaired Financing Receivable [Policy Text Block]

Purchased Credit-Deteriorated Loans

 

Loans acquired in a business combination that have experienced a more-than-significant deterioration in credit quality since origination are considered PCD loans. The Company evaluates acquired loans for deterioration in credit quality based on any of, but not limited to, the following: (1) non-accrual status; (2) risk ratings of special mention, substandard or doubtful; (3) watchlist credits; and (4) delinquency status, including loans that were current on acquisition date, but had been previously delinquent. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial allowance for credit losses is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial allowance for credit losses is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to noncredit factors and results in a discount or premium, which is recognized through interest income on a level-yield basis over the lives of the related loans.

 

PCD loans that met the criteria for nonaccrual may be considered performing, regardless of whether the client is contractually delinquent, if management can reasonably estimate the timing and amount of the expected cash flows on such loans and if management expects to fully collect the new carrying value of the loans. As such, management may no longer consider the loans to be nonaccrual or nonperforming and may accrue interest on these loans, including the impact of any accretable discount.

 
Derivatives, Policy [Policy Text Block]

Derivatives

 

At the inception of a derivative contract, the Company designates the derivative as one of three types based on the Company’s intentions and belief as to likely effectiveness as a hedge. These three types are (1) a hedge of the fair value of a recognized asset or liability or of an unrecognized firm commitment ("fair value hedge"), (2) a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability ("cash flow hedge"), or (3) an instrument with no hedging designation ("non-designated derivative"). For a fair value hedge, the gain or loss on the derivative, as well as the offsetting loss or gain on the hedged item is attributable to the hedged risk, are recognized in current earnings as fair values change. For a cash flow hedge, the gain or loss on the derivative is recorded in other comprehensive income ("OCI") and is reclassified into earnings in the same period during which the hedged transaction affects earnings. The changes in the fair value of a derivative that is not designated is recorded currently in earnings, as noninterest income.

 

Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged.

 

The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended.

 

When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as noninterest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings.

 

 
Restricted Stock [Policy Text Block]

Restricted Stock

 

The Bank is a member of the Federal Home Loan Bank (“FHLB”) of New York. Members are required to own a certain amount of stock based on the level of borrowings and other factors and may invest in additional amounts. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. Cash dividends on the stock are reported as income.

 
Transfers and Servicing of Financial Assets, Transfers of Financial Assets, Policy [Policy Text Block]

Transfers of Financial Assets

 

Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over transferred assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.

 
Property, Plant and Equipment, Policy [Policy Text Block]

Premises and Equipment

 

Land is carried at cost and premises and equipment are stated at cost less accumulated depreciation. Buildings and related components are depreciated using the straight-line method with useful lives ranging from 4 to 30 years. Leasehold improvements are depreciated using the straight-line method over the terms of the respective leases, or the estimated useful lives of the improvements, whichever is shorter. Furniture, fixtures and equipment are depreciated using the straight-line method with useful lives ranging from 3 to 10 years.

 
Lessee, Leases [Policy Text Block]

Leases

 

Leases are classified as operating or finance leases at the lease commencement date. Lease expense for operating leases and short-term leases is recognized on a straight-line basis over the lease team. The Company includes lease extension and termination options in the lease term if, after considering relevant economic factors, it is reasonably certain the Company will exercise the option.

 

Right-of-use assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Right-of-use assets and lease liabilities are recognized at the lease commencement date based on the estimated present value of the lease payments over the lease term. The Company uses its incremental borrowing rate at lease commencement to calculate the present value of lease payments when the rate implicit in a lease is not known. The Company has elected not to recognize leases with original terms of 12 months or less on the consolidated balance sheet.

 
Financing Receivable, Held-for-Investment, Foreclosed Asset [Policy Text Block]

Other Real Estate Owned

 

Other real estate owned (“OREO”), representing property acquired through foreclosure or deed in lieu and held-for-sale, is initially recorded at fair value less cost to sell at the date of acquisition, establishing a new cost basis. Subsequently, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Costs relating to holding the assets are charged to expenses.

 
Postemployment Benefit Plans, Policy [Policy Text Block]

Employee Benefit Plans

 

The Company has a noncontributory pension plan that covered all eligible employees up until September 30, 2007, at which time the Company froze its defined benefit pension plan. As such, all future benefit accruals in this pension plan were discontinued and all retirement benefits that employees would have earned as of September 30, 2007 were preserved. In addition, the Company acquired a defined benefit pension plan that covered all former eligible FLIC employees. FLIC and the Bank, commencing at the merger closing on June 1, 2025, made contributions to the plan, which together with participant contributions equal to 2% of their compensation, funded these benefits. Effective September 30, 2025, the plan was frozen and all retirement benefits that employees earned through that date were preserved. The Company’s policy is to fund at least the minimum contribution required by the Employee Retirement Income Security Act of 1974. The costs associated with the plan are accrued based on actuarial assumptions and included in salaries and employee benefits expense.

 

 

 

 

The Company accounts for its defined benefit pension plan in accordance with FASB ASC 715-30. This standard requires that the funded status of defined benefit postretirement plans be recognized on the Company’s statement of financial condition and changes in the funded status be reflected in other comprehensive income. This standard also requires companies to measure the funded status of the plan as of the date of its fiscal year-end.

 

The Company maintains a 401(k) employee savings plan to provide for defined contributions which covers substantially all employees of the Company. Employee 401(k) and profit-sharing plan expense is the amount of matching contributions.

 
Share-Based Payment Arrangement [Policy Text Block]

Stock-Based Compensation

 

FASB ASC 718 “Compensation-Stock Compensation” requires that the compensation costs related to share-based payment transactions be recognized in financial statements. That cost will be measured based on the grant date fair value of the equity or liability instruments issued. The stock compensation accounting guidance covers a wide range of share-based compensation arrangements including stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans.

 

Stock compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. See Note 18 of the Notes to Consolidated Financial Statements for further discussion.

 
Treasury Stock [Policy Text Block]

Treasury Stock

 

Subject to certain regulatory limitations applicable to the Parent Corporation, treasury stock purchases may be made from time to time as, in the opinion of management, market conditions warrant, in the open market or in privately negotiated transactions. Shares repurchased are added to the corporate treasury and will be used for future issuances. The repurchased shares are recorded as treasury stock, which results in a decrease in stockholders’ equity. Treasury stock is recorded using the cost method and accordingly is presented as a reduction of stockholders’ equity. The Parent Corporation did not repurchase any shares in 2025. During the year ended December 31, 2024, the Parent Corporation repurchased 283,270 shares under board-approved share repurchase programs.

 

On August 16, 2022, The Inflation Reduction Act, P.L. 117-169, was signed into law. The act included a new Sec. 4501 that imposes an excise tax on certain repurchases of stock by publicly traded corporations.

 

In general, and before considering exceptions, the amount of the excise tax is equal to 1% of (1) the aggregate fair market value (FMV) of stock repurchased by a corporation, over (2) the aggregate FMV of stock issued by the corporation, in each case, during the tax year. The excise tax applies to repurchases of stock by corporations beginning after December 31, 2022. The excise tax is not deductible for purposes of computing U.S. federal income tax (Sec. 275(a)(6)).

 

On December 27, 2022, Treasury and the IRS released Notice 2023-2, which announced that they intend to issue proposed regulations with respect to the excise tax. The notice provides interim guidance that Treasury and the Service generally intend to include in the proposed regulations, including several examples that illustrate the application of the rules set forth in the notice. Treasury and the IRS anticipate that the proposed regulations will be consistent with the guidance provided in the notice. In addition, until the issuance of the proposed regulations, taxpayers are permitted to rely on the operating rules set forth in Section 3 of the notice. The proposed regulations are anticipated to apply to repurchases of stock made after December 31, 2022, and to issuances of stock made during a tax year ending after December 31, 2022. As of December 31, 2025, the Company had no accruals related to the excise tax through equity.

 

 

 

 

 

 
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]

Goodwill

 

Goodwill arises from business combinations and is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not amortized but tested for impairment annually or more frequently if events and circumstances exist that indicate that a goodwill impairment test should be performed. The Company has selected December 31 as the date to perform the annual impairment test. No impairment charge was deemed necessary as of the years ended December 31, 2025, 2024 and 2023.

 
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]

Other Intangible Assets

 

Other intangible assets consist of core deposit intangibles arising from business combinations that are amortized over their estimated useful lives to their estimated residual value.

 
Comprehensive Income, Policy [Policy Text Block]

Comprehensive Income (Loss)

 

Total comprehensive income includes all changes in equity during a period from transactions and other events and circumstances from nonowner sources. The Company’s OCI (loss) is comprised of unrealized holding gains and losses on securities available-for-sale, unrecognized actuarial gains and losses of the Company’s defined benefit pension plans and unrealized gains and losses on cash flow hedges, net of taxes.

 
Restrictions on Cash [Policy Text Block]

Restrictions on Cash

 

Cash on hand or on deposit with the Federal Reserve Bank is required to meet regulatory reserve and clearing requirements.

 
Policyholders' Dividend [Policy Text Block]

Dividend Restriction

 

Banking regulations require maintaining certain capital levels and may limit the dividends paid by the Bank to the Parent Corporation or by the Parent Corporation to the stockholders.

 

 
Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Value of Financial Instruments

 

The fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in a separate note. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates.

 
Life Settlement Contracts, Policy [Policy Text Block]

Bank Owned Life Insurance

 

The Company invests in Bank Owned Life Insurance (“BOLI”) to help offset the cost of employee benefits. The change in the cash surrender value of the BOLI is recorded as a component of noninterest income.

 
Income Tax, Policy [Policy Text Block]

Income Taxes

 

The Company accounts for income taxes in accordance with ASC 740, Income Taxes. We recognize deferred tax assets and liabilities for the expected future tax consequences of events already included in the financial statements. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in the period that includes the date of the enactment.

 

Valuation Allowances: We record a valuation allowance to reduce deferred tax assets to the amount that is more likely than not to be realized. In making this assessment, we weigh all available evidence, both positive and negative, including projected future taxable income and tax-planning strategies.

 

Uncertain Tax Positions: The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the position will be sustained upon examination by the taxing authorities. We record unrecognized tax benefits, including associated interest and penalties, as a component of Income tax expense in the Consolidated Statements of Operations. Accrued interest and penalties are classified within Other long-term liabilities on the Consolidated Balance Sheets.

 

In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, which requires enhanced transparency through a standardized, disaggregated tax rate reconciliation table and expanded disclosures for income taxes paid. The Company adopted the standard effective January 1, 2025. Specifically, we are now required to:

 

 

●

Disaggregate the rate reconciliation into specific categories (e.g., state and local, foreign effects, enacted law changes) with a 5% quantitative threshold for separate disclosure of reconciling items.

 ●Disaggregate cash taxes paid by federal, state, and foreign jurisdictions, with further detail for any jurisdiction representing 5% or more of total taxes paid.

 

 

 

 

 

The Company regularly monitors developments in tax laws and regulations that may impact its tax positions and financial reporting. Any changes in classification, measurement, or recognition of tax-related interest and penalties will be disclosed in accordance with GAAP and relevant SEC reporting requirements. See Note 11 for more discussion on income taxes.

 
Advertising Cost [Policy Text Block]

Advertising Costs

 

The Company recognizes its marketing and advertising costs as incurred.

 
Reclassification, Comparability Adjustment [Policy Text Block]

Reclassifications

 

Certain reclassifications have been made in the consolidated financial statements and footnotes for 2024 and 2023 to conform to the classifications presented in 2025. Such reclassifications had no impact on net income or stockholders’ equity.

 
New Accounting Pronouncements, Policy [Policy Text Block]

Note 1b – Authoritative Accounting Guidance

 

Adoption of New Accounting Standards

 

In December 2023, the FASB issued Accounting Standard Update ("ASU") 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. These amendments require that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5% of the amount computed by multiplying pretax income (or loss) by the applicable statutory income tax rate). The amendments require that all entities disclose on an annual basis the following information about income taxes paid: 1) The amount of income taxes paid (net of refunds received) disaggregated by federal (national), state, and foreign taxes; and 2) The amount of income taxes paid (net of refunds received) disaggregated by individual jurisdictions in which income taxes paid (net of refunds received) is equal to or greater than 5% of total income taxes paid (net of refunds received). The amendments also require that all entities disclose the following information: 1) Income (or loss) from continuing operations before income tax expense (or benefit) disaggregated between domestic and foreign; and 2) Income tax expense (or benefit) from continuing operations disaggregated by federal (national), state, and foreign. The Company adopted ASU 2023-09 on January 1, 2025.

 

Impact of Issued But Not Yet Effective Accounting Standards

 

In November 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40)" ("ASU 2024-03"). ASU 2024-03 requires public entities to provide disaggregated disclosures, in the notes to the financial statements, of certain categories of expenses that are included in expense line items on the face of the income statement. ASU 2024-03 is effective for the Company on January 1, 2027. The Company is currently not expecting the ASU to have a material effect on the consolidated financial statements and footnotes.
v3.25.4
Note 2 - Business Combination (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Business Combination [Table Text Block]
  

As of

 
  

June 1, 2025

 

(dollars in thousands, except for per share data)

    

Purchase Price Consideration

    

FLIC common shares settled for stock

  22,783,572 

Exchange Ratio

  0.5175 

ConnectOne shares entitlement

  11,790,499 

Fractional shares subject to cash in lieu

  (383)

ConnectOne whole shares issued

  11,790,116 

Price per share of ConnectOne common stock on May 30, 2025

 $22.97 

Total fair value of stock consideration issued

 $270,819 

Cash consideration paid

  9 

Total purchase price consideration

 $270,828 
  

As of

  

Measurement

  

As of

 
  

June 1, 2025

  

Period Adjustments

  

June 1, 2025

 
  

(dollars in thousands)

 
             

Total purchase price consideration

 $270,828  $-  $270,828 
             

Fair Value of Assets Acquired:

            

Cash and cash equivalents

  54,869   -   54,869 

Securities available-for-sale

  596,702   -   596,702 

Loans receivables, net

  2,882,951   -   2,882,951 

Restricted stock, at cost

  24,276   -   24,276 

Premises and equipment, net

  45,895   -   45,895 

Bank-owned life insurance

  118,098   -   118,098 

Pension plan assets

  11,617   -   11,617 

Core deposit intangible

  63,206   -   63,206 

Other assets

  107,480   (4,624)  102,856 

Total assets acquired

 $3,905,094  $(4,624) $3,900,470 
             

Fair Value of Liabilities Assumed:

            

Deposits

  3,251,147   -   3,251,147 

Borrowings

  360,405   -   360,405 

Other liabilities

  29,953   -   29,953 

Total liabilities assumed

 $3,641,505  $-  $3,641,505 
             

Net assets acquired

 $263,589  $(4,624) $258,965 
             

Goodwill recorded in acquisition

 $7,239  $4,624  $11,863 
Schedule of Receivables Acquired [Table Text Block]
          

Gross-up for PCD

     
  

Unpaid Principal

  

Total Discount at

  

Allowance for Credit

  

Fair Value of

 

(dollars in thousands)

 

Balance

  

Acquisition

  

Losses at Acquisition

  

Loans at Acquisition

 

PCD Loans

 $271,904  $(34,394) $(43,336) $194,174 

Non-PCD Loans

  2,860,661   (171,884)  -   2,688,777 

Total Acquired Loans

 $3,132,565  $(206,278) $(43,336) $2,882,951 
Business Combination, Pro Forma Information [Table Text Block]
  

December 31,

 

(dollars in thousands)

 

2025

  

2024

 

Net interest income

 $419,675  $293,469 

Noninterest income

  39,507   25,052 

Net income

  156,147   35,012 

Net income available to common

  150,111   28,976 

Basic EPS

 $3.00  $0.58 

Diluted EPS

 $2.98  $0.58 
v3.25.4
Note 3 - Earnings Per Common Share (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
  

Years Ended December 31,

 
  

2025

  

2024

  

2023

 
  

(dollars in thousands, except per share amounts)

 

Net income available to common stockholders

 $74,407  $67,757  $80,967 

Earnings allocated to participating securities

  (176)  (187)  (216)

Income attributable to common stock

 $74,231  $67,570  $80,751 

Weighted average common shares outstanding, including participating securities

  45,304   38,376   38,913 

Weighted average participating securities

  (107)  (106)  (104)

Weighted average common shares outstanding

  45,197   38,270   38,809 

Incremental shares from assumed conversions of options, deferred stock units, performance units and restricted stock

  218   211   153 

Weighted average common and equivalent shares outstanding

  45,415   38,481   38,962 

Earnings per common share:

            

Basic

 $1.64  $1.77  $2.08 

Diluted

  1.63   1.76   2.07 
v3.25.4
Note 4 - Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Debt Securities, Available-for-Sale [Table Text Block]
      

Gross

  

Gross

     
  

Amortized

  

Unrealized

  

Unrealized

  

Fair

 
  

Cost

  

Gains

  

Losses

  

Value

 
  

(dollars in thousands)

 

December 31, 2025

                

Investment securities available-for-sale

                

Federal agency obligations

 $398,392  $2,467  $(9,669) $391,190 

Residential mortgage pass-through securities

  644,811   5,391   (43,058)  607,144 

Commercial mortgage pass-through securities

  30,124   -   (3,155)  26,969 

Obligations of U.S. states and political subdivisions

  221,545   5,385   (14,521)  212,409 

Corporate bonds and notes

  12,500   22   (3)  12,519 

Asset-backed securities

  528   -   (3)  525 

Other securities

  182   -   -   182 

Total investment securities available-for-sale

 $1,308,082  $13,265  $(70,409) $1,250,938 
      

Gross

  

Gross

     
  

Amortized

  

Unrealized

  

Unrealized

  

Fair

 
  

Cost

  

Gains

  

Losses

  

Value

 
  

(dollars in thousands)

 

December 31, 2024

                

Investment securities available-for-sale

                

Federal agency obligations

 $96,165  $179  $(11,674) $84,670 

Residential mortgage pass-through securities

  439,445   211   (60,818)  378,838 

Commercial mortgage pass-through securities

  24,989   -   (4,097)  20,892 

Obligations of U.S. states and political subdivisions

  141,775   89   (19,460)  122,404 

Corporate bonds and notes

  5,000   5   (18)  4,987 

Asset-backed securities

  892   -   (7)  885 

Other securities

  171   -   -   171 

Total investment securities available-for-sale

 $708,437  $484  $(96,074) $612,847 
Investments Classified by Contractual Maturity Date [Table Text Block]
  

December 31, 2025

 
  

Amortized

  

Fair

 
  

Cost

  

Value

 
  

(dollars in thousands)

 

Investment securities available-for-sale:

        

Due in one year or less

 $2,963  $2,966 

Due after one year through five years

  28,264   28,679 

Due after five years through ten years

  68,320   69,829 

Due after ten years

  533,418   515,169 

Residential mortgage pass-through securities

  644,811   607,144 

Commercial mortgage pass-through securities

  30,124   26,969 

Other securities

  182   182 

Total investment securities available-for-sale

 $1,308,082  $1,250,938 
Unrealized Gain (Loss) on Investments [Table Text Block]
  

December 31, 2025

 
  

Total

  

Less than 12 Months

  

12 Months or Longer

 
  Fair  Unrealized  Fair  Unrealized  Fair  Unrealized 
  

Value

  

Losses

  

Value

  

Losses

  

Value

  

Losses

 
  

(dollars in thousands)

 

Investment securities available-for-sale:

                        

Federal agency obligation

 $135,103  $(9,669) $101,610  $(246) $33,493  $(9,423)

Residential mortgage pass-through securities

  331,799   (43,058)  5,547   (45)  326,252   (43,013)

Commercial mortgage pass-through securities

  26,969   (3,155)  5,421   (96)  21,548   (3,059)

Obligations of U.S. states and political subdivisions

  103,918   (14,521)  4,276   (20)  99,642   (14,501)

Corporate bonds and notes

  1,997   (3)  1,997   (3)  -   - 

Asset-backed securities

  525   (3)  242   -   283   (3)

Total temporarily impaired securities

 $600,311  $(70,409) $119,093  $(410) $481,218  $(69,999)
  

December 31, 2024

 
  

Total

  

Less than 12 Months

  

12 Months or Longer

 
  

Fair

  

Unrealized

  

Fair

  

Unrealized

  

Fair

  

Unrealized

 
  

Value

  

Losses

  

Value

  

Losses

  

Value

  

Losses

 
  

(dollars in thousands)

 

Investment securities available-for-sale:

                        

Federal agency obligation

 $53,467  $(11,674) $18,471  $(60) $34,996  $(11,614)

Residential mortgage pass-through securities

  364,971   (60,818)  26,809   (604)  338,162   (60,214)

Commercial mortgage pass-through securities

  20,892   (4,097)  -   -   20,892   (4,097)

Obligations of U.S. states and political subdivisions

  112,523   (19,460)  13,281   (322)  99,242   (19,138)

Corporate bonds and notes

  1,982   (18)  1,982   (18)  -   - 

Asset-backed securities

  885   (7)  -   -   885   (7)

Total temporarily impaired securities

 $554,720  $(96,074) $60,543  $(1,004) $494,177  $(95,070)
v3.25.4
Note 5 - Loans and the Allowance for Credit Losses (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
  

2025

  

2024

 

(dollars in thousands)

        

Commercial

 $1,565,963  $1,532,730 

Commercial real estate

  8,054,696   5,880,679 

Commercial construction

  623,902   616,246 

Residential real estate

  1,210,980   249,691 

Consumer

  2,017   1,136 

Gross loans

  11,457,558   8,280,482 

Net deferred fees

  (4,278)  (5,672)

Loans receivable

 $11,453,280  $8,274,810 
Schedule of Loans Held-for-sale [Table Text Block]
  

2025

  

2024

 
  

(dollars in thousands)

 

Residential real estate

 $391  $743 
Financing Receivable, Nonaccrual [Table Text Block]
  

December 31, 2025

 
  

Nonaccrual loans with ACL

  

Nonaccrual loans without ACL

  

Total Nonaccrual loans

 
  

(dollars in thousands)

 

Commercial

 $1,987  $11,052  $13,039 

Commercial real estate

  207   28,354   28,561 

Commercial construction

  -   -   - 

Residential real estate

  549   3,766   4,315 

Total

 $2,743  $43,172  $45,915 
  

December 31, 2024

 
  

Nonaccrual loans with ACL

  

Nonaccrual loans without ACL

  

Total Nonaccrual loans

 
  

(dollars in thousands)

 

Commercial

 $1,744  $14,487  $16,231 

Commercial real estate

  3,822   32,664   36,486 

Commercial construction

  -   2,204   2,204 

Residential real estate

  333   2,056   2,389 

Total

 $5,899  $51,411  $57,310 
Financing Receivable Origination And Risk Designation [Table Text Block]
  

Term loans amortized cost basis by origination year

         
                          

Revolving

  

Total

 
  

2025

  

2024

  

2023

  

2022

  

2021

  

Prior

  

Loans

  

Gross Loans

 

Commercial

                                

Pass

 $165,942  $194,070  $137,181  $217,504  $177,715  $145,173  $479,906  $1,517,491 

Special mention

  -   -   -   694   -   2,927   44   3,665 

Substandard

  146   539   3,048   3,120   2,599   10,625   24,730   44,807 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial

 $166,088  $194,609  $140,229  $221,318  $180,314  $158,725  $504,680  $1,565,963 

YTD gross charge-offs

 $-  $-  $32  $1,669  $-  $854  $1,961  $4,516 
                                 

Commercial real estate

                                

Pass

 $1,129,223  $416,806  $303,121  $1,487,034  $1,391,743  $1,648,135  $1,451,710  $7,827,772 

Special mention

  -   -   -   39,271   3,741   71,452   6,998   121,462 

Substandard

  -   4,024   -   22,193   9,066   54,778   15,401   105,462 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial real estate

 $1,129,223  $420,830  $303,121  $1,548,498  $1,404,550  $1,774,365  $1,474,109  $8,054,696 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $13,839  $-  $13,839 
                                 

Commercial construction

                                

Pass

 $108,660  $120,104  $36,316  $17,912  $63,727  $44,193  $232,990  $623,902 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial construction

 $108,660  $120,104  $36,316  $17,912  $63,727  $44,193  $232,990  $623,902 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Residential real estate

                                

Pass

 $36,615  $26,638  $33,577  $201,351  $114,215  $416,017  $373,244  $1,201,657 

Special mention

  -   -   -   -   -   -   3,343   3,343 

Substandard

  -   -   -   -   798   2,516   2,666   5,980 

Doubtful

  -   -   -   -   -   -   -   - 

Total Residential real estate

 $36,615  $26,638  $33,577  $201,351  $115,013  $418,533  $379,253  $1,210,980 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $1,000  $1,000 
                                 

Consumer

                                

Pass

 $1,863  $-  $-  $-  $-  $63  $91  $2,017 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total Consumer

 $1,863  $-  $-  $-  $-  $63  $91  $2,017 

YTD gross charge-offs

 $25  $-  $-  $-  $-  $-  $1  $26 
                                 

Total

                                

Pass

 $1,442,303  $757,618  $510,195  $1,923,801  $1,747,400  $2,253,581  $2,537,941  $11,172,839 

Special mention

  -   -   -   39,965   3,741   74,379   10,385   128,470 

Substandard

  146   4,563   3,048   25,313   12,463   67,919   42,797   156,249 

Doubtful

  -   -   -   -   -   -   -   - 

Grand Total

 $1,442,449  $762,181  $513,243  $1,989,079  $1,763,604  $2,395,879  $2,591,123  $11,457,558 

YTD gross charge-offs

 $25  $-  $32  $1,669  $-  $14,693  $2,962  $19,381 
  

Term loans amortized cost basis by origination year

  

Revolving

  

Total

 
  

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Loans

  

Gross Loans

 

Commercial

                                

Pass

 $67,298  $157,067  $194,602  $237,065  $29,717  $111,841  $678,206  $1,475,796 

Special mention

  1,908   -   2,817   2,538   1,643   6,209   17,491   32,606 

Substandard

  -   3,019   3,705   217   -   15,844   1,543   24,328 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial

 $69,206  $160,086  $201,124  $239,820  $31,360  $133,894  $697,240  $1,532,730 

YTD gross charge-offs

 $-  $-  $1,003  $49  $-  $316  $1,918  $3,286 
                                 

Commercial real estate

                                

Pass

 $408,314  $268,533  $1,424,209  $1,510,087  $339,553  $1,357,858  $415,286  $5,723,840 

Special mention

  -   -   53,642   -   -   59,719   -   113,361 

Substandard

  -   -   3,822   1,846   1,752   36,058   -   43,478 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial real estate

 $408,314  $268,533  $1,481,673  $1,511,933  $341,305  $1,453,635  $415,286  $5,880,679 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $10,416  $-  $10,416 
                                 

Commercial construction

                                

Pass

 $15,390  $-  $2,137  $8,995  $6,518  $-  $581,002  $614,042 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   2,204   2,204 

Doubtful

  -   -   -   -   -   -   -   - 

Total Commercial construction

 $15,390  $-  $2,137  $8,995  $6,518  $-  $583,206  $616,246 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Residential real estate

                                

Pass

 $17,763  $14,542  $39,197  $21,925  $17,339  $96,657  $36,471  $243,894 

Special mention

  -   -   -   -   -   635   2,773   3,408 

Substandard

  -   -   633   -   1,157   364   235   2,389 

Doubtful

  -   -   -   -   -   -   -   - 

Total Residential real estate

 $17,763  $14,542  $39,830  $21,925  $18,496  $97,656  $39,479  $249,691 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Consumer

                                

Pass

 $1,015  $24  $1  $-  $-  $-  $96  $1,136 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Total Consumer

 $1,015  $24  $1  $-  $-  $-  $96  $1,136 

YTD gross charge-offs

 $-  $-  $-  $-  $-  $-  $-  $- 
                                 

Total

                                

Pass

 $509,780  $440,166  $1,660,146  $1,778,072  $393,127  $1,566,356  $1,711,061  $8,058,708 

Special mention

  1,908   -   56,459   2,538   1,643   66,563   20,264   149,375 

Substandard

  -   3,019   8,160   2,063   2,909   52,266   3,982   72,399 

Doubtful

  -   -   -   -   -   -   -   - 

Grand Total

 $511,688  $443,185  $1,724,765  $1,782,673  $397,679  $1,685,185  $1,735,307  $8,280,482 

YTD gross charge-offs

 $-  $-  $1,003  $49  $-  $10,732  $1,918  $13,702 
Financing Receivable, Collateral Dependent [Table Text Block]
  

December 31, 2025

 
  

Real Estate

  

Other

  

Total

 
  

(dollars in thousands)

 

Commercial

 $6,948  $8,783  $15,731 

Commercial real estate

  242,125   -   242,125 

Commercial construction

  -   -   - 

Residential real estate

  5,637   -   5,637 

Total

 $254,710  $8,783  $263,493 
  

December 31, 2024

 
  

Real Estate

  

Other

  

Total

 
  

(dollars in thousands)

 

Commercial

 $2,308  $9,222  $11,530 

Commercial real estate

  36,486   -   36,486 

Commercial construction

  2,204   -   2,204 

Residential real estate

  2,056   -   2,056 

Total

 $43,054  $9,222  $52,276 
Financing Receivable, Past Due [Table Text Block]
  

December 31, 2025

 
  

30-59 Days Past Due

  

60-89 Days Past Due

  

90 Days or Greater Past Due and Still Accruing

  

Nonaccrual

  

Total Past Due and Nonaccrual

  

Current

  

Gross Loans

 

Commercial

 $875  $539  $427  $13,039  $14,880  $1,551,083  $1,565,963 

Commercial real estate

  13,602   6,098   16,276   28,561   64,537   7,990,159   8,054,696 

Commercial construction

  -   -   -   -   -   623,902   623,902 

Residential real estate

  7,405   1,372   769   4,315   13,861   1,197,119   1,210,980 

Consumer

  -   -   -   -   -   2,017   2,017 

Total

 $21,882  $8,009  $17,472  $45,915  $93,278  $11,364,280  $11,457,558 
  

December 31, 2024

 
  

30-59 Days Past Due

  

60-89 Days Past Due

  

90 Days or Greater Past Due and Still Accruing

  

Nonaccrual

  

Total Past Due and Nonaccrual

  

Current

  

Gross Loans

 

Commercial

 $1,340  $-  $-  $16,231  $17,571  $1,515,159  $1,532,730 

Commercial real estate

  -   -   -   36,486   36,486   5,844,193   5,880,679 

Commercial construction

  -   -   -   2,204   2,204   614,042   616,246 

Residential real estate

  1,991   -   -   2,389   4,380   245,311   249,691 

Consumer

  -   -   -   -   -   1,136   1,136 

Total

 $3,331  $-  $-  $57,310  $60,641  $8,219,841  $8,280,482 
Schedule of Evaluation of Impairment on Financing Receivables [Table Text Block]
  

December 31, 2025

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Allowance for credit losses - loans

                        

Individually analyzed

 $314  $125  $-  $-  $-  $439 

Collectively evaluated

  15,392   79,046   5,303   12,084   18   111,843 

Acquired with deteriorated credit quality

  (348)  42,256   -   115   -   42,023 

Total

 $15,358  $121,427  $5,303  $12,199  $18  $154,305 

Gross loans

                        

Individually analyzed

 $12,184  $28,354  $-  $3,675  $-  $44,213 

Collectively evaluated

  1,548,381   7,812,572   623,902   1,205,343   2,017   11,192,215 

Acquired with deteriorated credit quality

  5,398   213,770   -   1,962   -   221,130 

Total

 $1,565,963  $8,054,696  $623,902  $1,210,980  $2,017  $11,457,558 
  

December 31, 2024

 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
                         

Allowance for credit losses - loans

 

(dollars in thousands)

 

Individually analyzed

 $326  $909  $-  $-  $-  $1,235 

Collectively evaluated

  17,740   53,868   5,064   4,561   5   81,238 

Acquired with deteriorated credit quality

  212   -   -   -   -   212 

Total

 $18,278  $54,777  $5,064  $4,561  $5  $82,685 

Gross loans

                        

Individually analyzed

 $15,751  $36,486  $2,204  $2,056  $-  $56,497 

Collectively evaluated

  1,516,557   5,844,193   614,042   247,635   1,136   8,223,563 

Acquired with deteriorated credit quality

  422   -   -   -   -   422 

Total

 $1,532,730  $5,880,679  $616,246  $249,691  $1,136  $8,280,482 
Financing Receivable, Allowance for Credit Loss [Table Text Block]
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of January 1, 2025

 $18,278  $54,777  $5,064  $4,561  $5  $82,685 

Charge-offs

  (4,516)  (13,839)  -   (1,000)  (26)  (19,381)

Recoveries

  366   746   -   35   -   1,147 

Provision for credit losses - loans:

                        

Initial provision related to acquisition – loans

  985   16,017   78   10,217   10   27,307 

Operating provision for credit losses

  (616)  22,679   161   (1,728)  29   20,525 

Nonaccretable credit marks on PCD loans

  861   41,047   -   114   -   42,022 

Balance as of December 31, 2025

 $15,358  $121,427  $5,303  $12,199  $18  $154,305 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of January 1, 2024

 $20,632  $52,278  $4,739  $4,320  $5  $81,974 

Charge-offs

  (3,286)  (10,416)  -   -   -   (13,702)

Recoveries

  392   31   -   6   -   429 

Provision for credit losses

  540   12,884   325   235   -   13,984 

Balance as of December 31, 2024

 $18,278  $54,777  $5,064  $4,561  $5  $82,685 
  

Commercial

  

Commercial real estate

  

Commercial construction

  

Residential real estate

  

Consumer

  

Total

 
  

(dollars in thousands)

 

Balance as of January 1, 2023

 $28,903  $53,742  $3,718  $4,143  $7  $90,513 

Charge-offs

  (14,888)  (2,142)  -   (18)  (1)  (17,049)

Recoveries

  10   -   -   68   8   86 

Provision for credit losses

  6,607   678   1,021   127   (9)  8,424 

Balance as of December 31, 2023

 $20,632  $52,278  $4,739  $4,320  $5  $81,974 
Financing Receivable, Modified [Table Text Block]
  

Amortized Cost Basis

         
  

Term Extension

  

Payment Deferral

  

Total

  

Gross Loans at December 31, 2025

  

Modification % (Modified Loans/Gross Loans)

 

December 31, 2025

                    

(dollars in thousands)

                    

Commercial

 $5,848  $18,811  $24,659  $1,565,963   1.57%

Commercial real estate

  3,687   -   3,687   8,054,696   0.05 

Commercial construction

  8,244   -   8,244   623,902   1.32 

Residential real estate

  -   -   -   1,210,980   - 

Consumer

  -   -   -   2,017   - 

Total

 $17,779  $18,811  $36,590  $11,457,558   0.32%
  

Weighted Average Term Extension (Months)

  

Weighted Average Payment Deferral (Months)

  

Weighted Average Interest Rate Reduction

  

Weighted Average Payment Reduction

 

December 31, 2025

                

(dollars in thousands)

                

Commercial

  8   2   0%  - 

Commercial real estate

  4   -   -   - 

Commercial construction

  3   -   -   - 

Residential real estate

  -   -   -   - 

Consumer

  -   -   -   - 

Total

  15   2   0.0%  - 
  

Amortized Cost Basis

         
  

Term Extension

  

Payment Deferral

  

Interest Rate Reduction

  

Payment Reduction

  

Total

  

Gross Loans at December 31, 2024

  

Modification % (Modified Loans/Gross Loans)

 

December 31, 2024

                            

(dollars in thousands)

                            

Commercial

 $17,641  $126  $-  $333  $18,100  $1,532,730   1.18%

Commercial real estate

  -   -   63,804   -   63,804   5,880,679   1.08 

Commercial construction

  -   -   -   -   -   616,246   - 

Residential real estate

  1,413   -   -   -   1,413   249,691   0.57 

Consumer

  -   -   -   -   -   1,136   - 

Total

 $19,054  $126  $63,804  $333  $83,317  $8,280,482   1.01%
  

Weighted Average Term Extension (Months)

  

Weighted Average Payment Deferral (Months)

  

Weighted Average Interest Rate Reduction

  

Weighted Average Payment Reduction

 

December 31, 2024

                

(dollars in thousands)

                

Commercial

  6   3   -% $6 

Commercial real estate

  -   -   0.8   - 

Commercial construction

  -   -   -   - 

Residential real estate

  136   -   -   - 

Consumer

  -   -   -   - 

Total

  142   3   0.8% $6 
Financing Receivable, Modified, Past Due [Table Text Block]
  

Current

  

30-89 Days Past Due

  

90 Days or Greater Past Due

 

December 31, 2025

            

(dollars in thousands)

            

Commercial

 $24,659  $-  $- 

Commercial real estate

  3,687   -   - 

Commercial construction

  8,244   -   - 

Residential real estate

  -   -   - 

Consumer

  -   -   - 

Total

 $36,590  $-  $- 
  

Current

  

30-89 Days Past Due

  

90 Days or Greater Past Due

 

December 31, 2024

            

(dollars in thousands)

            

Commercial

 $18,100  $-  $- 

Commercial real estate

  63,804   -   - 

Residential real estate

  1,413       

Total

 $83,317  $-  $- 
Schedule of Allowance for Credit Losses on Unfunded Commitments [Table Text Block]
  

2025

  

2024

 

Balance at beginning of period

 $2,627  $2,811 

Provision for (reversal of) allowance for credit losses – unfunded commitments

  481   (184)

Balance at end of period

 $3,108  $2,627 
Schedule of Provision for (Reversal of) Credit Losses [Table Text Block]
         
  

2025

  

2024

 

Provision for credit losses – loans

 $20,525  $13,984 

Initial provision related to acquisition – loans

  27,307   - 

Release of marks due to improvements in expected cash flows

  (1,313)  - 

Provision for (reversal of) credit losses - unfunded commitments

  481   (184)

Provision for credit losses – total

 $47,000  $13,800 
v3.25.4
Note 6 - Premises and Equipment (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Property, Plant and Equipment [Table Text Block]
  

Estimated

         
  

Useful Life

         
  

(Years)

  

2025

  

2024

 
      

(dollars in thousands)

 

Land

  -  $14,256  $5,253 

Buildings

  10-25   22,868   11,043 

Furniture, fixtures and equipment

  3-7   37,878   30,746 

Leasehold improvements

  10-20   30,446   28,325 

Subtotal

      105,448   75,367 

Less: accumulated depreciation, amortization and fair value adjustments

      50,163   46,920 

Total premises and equipment, net

     $55,285  $28,447 
Schedule of Capital Lease In Premises and Equipment [Table Text Block]
  

2025

  

2024

 
  

(dollars in thousands)

 

Finance lease

 $3,423  $3,423 

Less: accumulated amortization

  2,909   2,738 
  $514  $685 
Finance Lease, Liability, to be Paid, Maturity [Table Text Block]

2026

 $353 

2027

  353 

2028

  323 

2029

  - 

Thereafter

  - 

Total minimum lease payments

  1,029 

Less amount representing interest

  83 

Present value of net minimum lease payments

 $946 
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]
  

December 31,

 
  

2025

 
  

(dollars in thousands)

 

Lease payments due:

    

Less than 1 year

 $5,870 

1 year through less than 2 years

  5,225 

2 years through less than 3 years

  4,499 

3 years through less than 4 years

  3,187 

4 years through 5 years

  2,805 

After 5 years

  15,880 

Total undiscounted cash flows

  37,466 

Impact of discounting

  (5,020)

Total lease liability

 $32,446 
v3.25.4
Note 7 - Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Goodwill [Table Text Block]
  

2025

  

2024

 
  

(dollars in thousands)

 

Balance, January 1

 $208,372  $208,372 

Acquired goodwill

  7,239   - 

Measurement period adjustments

  4,624   - 

Impairment

  -   - 

Balance, December 31

 $220,235  $208,372 
Schedule of Finite-Lived Intangible Assets [Table Text Block]
  

Gross

      

Net

 
  

Carrying

  

Accumulated

  

Carrying

 
  

Amount

  

Amortization

  

Amount

 
  

(dollars in thousands)

 

Core deposit intangibles

            

December 31, 2025

 $76,413  $(16,490) $59,923 

Core deposit intangibles

            

December 31, 2024

 $13,207  $(8,568) $4,639 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

2026

 $11,382 

2027

  9,491 

2028

  8,171 

2029

  6,829 

2030

  5,565 
v3.25.4
Note 8 - Deposits (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule Of Time Deposits [Table Text Block]

2026

 $2,571,266 

2027

  186,587 

2028

  32,858 

2029

  4,171 

2030

  2,997 

After

  7 

Time deposits (before discount)

 $2,797,886 

Fair value discount

  (1,009)

Total time deposits (after discount)

 $2,796,877 
v3.25.4
Note 9 - FHLB Borrowings (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Federal Home Loan Bank, Advance, Branch of FHLBank [Table Text Block]
  

December 31, 2025

  

December 31, 2024

 
  

Amount

  

Rate

  

Amount

  

Rate

 
  

(dollars in thousands)

 

By remaining period to maturity:

                

Less than 1 year

 $878,050   3.96% $660,529   4.51%

1 year through less than 2 years

  226   2.85   2,050   2.23 

2 years through less than 3 years

  25,000   4.18   260   2.85 

3 years through less than 4 years

  -   -   25,000   4.18 

4 years through 5 years

  -   -   -   - 

After 5 Years

  227   2.96   261   2.96 

FHLB borrowings (before discount)

  903,503   3.97%  688,100   4.49%

Fair value discount

  (14)      (36)    

FHLB borrowings (after discount)

 $903,489      $688,064     
v3.25.4
Note 10 - Subordinated Debentures (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Long-Term Debt Instruments [Table Text Block]

As of December 31, 2025

Issuance Date

 

Securities Issued

 

Liquidation Value

Coupon Rate

Maturity

Redeemable by Issuer Beginning

12/19/2003

 $5,000,000 

$1,000 per Capital Security

Floating 3-month CME Term SOFR + 285 Basis Points + 26.161 Basis Points

1/23/2034

1/23/2009

As of December 31, 2024

Issuance Date

 

Securities Issued

 

Liquidation Value

Coupon Rate

Maturity

Redeemable by Issuer Beginning

12/19/2003

 $5,000,000 

$1,000 per Capital Security

Floating 3-month CME Term SOFR + 285 Basis Points + 26.161 Basis Points

1/23/2034

1/23/2009
v3.25.4
Note 11 - Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
  

2025

  

2024

  

2023

 
  

(dollars in thousands)

 

Pretax income

 $112,743  $98,467  $116,958 
             

Current:

            

Federal

 $18,512  $15,556  $16,185 

State and Local

  16,560   11,158   9,635 

Subtotal

  35,072   26,714   25,820 

Deferred:

            

Federal

  (2,024)  258   2,903 

State and Local

  (748)  (2,298)  1,232 

Subtotal

  (2,772)  (2,040)  4,135 

Income tax expense

 $32,300  $24,674  $29,955 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
  

2025

 

(dollars in thousands)

 

Amount

  

Rate

 

US Federal tax at statutory rate

 $23,676   21.0%

State and Local tax, net of federal tax benefit

  12,492   11.1 

Nontaxable or nondeductible items:

        

Tax-exempt interest and dividends

  (3,207)  (2.8)

Bank owned life insurance

  (1,936)  (1.7)

162M adjustment

  576   0.5 

Tax benefits from stock-based compensation

  129   0.1 

Merger expenses

  1,682   1.4 

Other, net

  (1,112)  (1.0)

Income tax expense

 $32,300   28.6%

(dollars in thousands)

 

2024

  

2023

 

Income before income tax expense

 $98,467  $116,958 

Federal statutory rate

  21%  21%

Computed “expected” Federal income tax expense

 $20,678   24,561 

State and Local tax, net of federal tax benefit

  6,514   9,404 

Tax-exempt interest and dividends

  (2,632)  (2,514)

Bank owned life insurance

  (1,500)  (1,326)

162M adjustment

  469   779 

Tax benefits from stock-based compensation

  109   (66)

Other, net

  1,036   (883)

Income tax expense

 $24,674  $29,955 
Schedule of Income Taxes Paid by Jurisdiction [Table Text Block]
  

2025

 

(dollars in thousands)

    

Federal

 $18,752 

State and Local:

    

New Jersey

  16,681 

New York

  6,723 

Connecticut

  1,169 

Florida

  190 

Total

 $43,515 
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
  

2025

  

2024

 
  

(dollars in thousands)

 

Deferred tax assets

        

Allowance for credit losses

 $44,656  $24,891 

Depreciation

  822   6 

Pension actuarial losses

  -   272 

State net operating losses

  10,807   2,683 

Deferred compensation

  7,765   4,919 

Purchase accounting

  37,400   - 

Unrealized losses on available-for-sale securities

  38,890   25,959 

Deferred loan costs, net of fees

  4,321   1,608 

Finance lease

  134   163 

Nonaccrual interest

  373   275 

Operating lease liability

  10,431   4,671 

Interest Expense Disallowance

  5,239   - 

Other

  2,090   1,519 

Total deferred tax assets

 $162,928  $66,966 

Deferred tax liabilities

        

Employee benefit plans

 $(7,709) $(2,515)

Pension actuarial losses

  (380)  - 

Purchase accounting

  -   (1,599)

Prepaid expenses

  (2,213)  (1,551)

Unrealized gains on derivatives

  (3,802)  (8,790)

Right of use asset

  (9,138)  (4,304)

Other

  (2,008)  (1,240)

Total deferred tax liabilities

  (25,250)  (19,999)

Net deferred tax assets before valuation allowance

 $137,678  $46,967 

Valuation allowance

  (10,947)  - 

Net deferred tax assets

 $126,731  $46,967 
v3.25.4
Note 13 - Commitments, Contingencies and Concentrations of Credit Risk (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block]
  

2025

  

2024

 
  

Fixed

  

Variable

  

Fixed

  

Variable

 
  

(dollars in thousands)

 

Commitments under commercial loans and lines of credit

 $101,841  $997,861  $100,430  $647,652 

Home equity and other revolving lines of credit

  33   91,069   17   41,349 

Outstanding commercial mortgage loan commitments

  20,708   273,143   24,139   321,771 

Standby letters of credit

  152   21,203   190   41,276 

Overdraft protection lines

  1,644   1,098   640   178 

Total

 $124,378  $1,384,374  $125,416  $1,052,226 
v3.25.4
Note 14 - Transactions with Executive Officers, Directors and Principle Stockholders (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Related Party Transactions [Table Text Block]
  

2025

  

2024

 
  

(dollars in thousands)

 

Balance, January 1

 $23,364  $20,323 

Originations and drawdowns

  13,440   7,907 

Repayments

  (6,004)  (4,866)

Balance, December 31

 $30,800  $23,364 
v3.25.4
Note 15 - Stockholders' Equity and Regulatory Requirements (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]
                  

For Classification

 
                  

Under Corrective

 
          

Minimum

  

Action Plan

 
          

Capital Adequacy

  

as Well Capitalized

 
  

Amount

  

Ratio

  

Amount

  

Ratio

  

Amount

  

Ratio

 

The Bank

         

(dollars in thousands)

         

December 31, 2025

                        

Leverage (Tier 1) capital

 $1,452,592   10.59% $548,523   4.00% $685,654   5.00%

Risk-Based Capital:

                        

CET 1

 $1,452,592   12.36  $528,883   4.50  $763,943   6.50 

Tier 1

  1,452,592   12.36   705,178   6.00   940,237   8.00 

Total

  1,566,670   13.33   940,237   8.00   1,175,296   10.00 
                         

December 31, 2024

                        

Leverage (Tier 1) capital

 $1,109,149   11.66% $380,444   4.00% $475,555   5.00%

Risk-Based Capital:

                        

CET 1

 $1,109,149   12.63  $395,068   4.50  $570,654   6.50 

Tier 1

  1,109,149   12.63   526,757   6.00   702,343   8.00 

Total

  1,194,249   13.60   702,343   8.00   877,929   10.00 
          

Minimum Capital

  

For Classification

 
          

Adequacy

  

as Well Capitalized

 
  Amount  Ratio  Amount  Ratio  Amount  Ratio 

The Company

 (dollars in thousands) 

December 31, 2025

                        

Leverage (Tier 1) capital

 $1,319,186   9.61% $548,909   4.00%  N/A   N/A 

Risk-Based Capital:

                        

CET 1

 $1,203,104   10.24  $528,946   4.50   N/A   N/A 

Tier 1

  1,319,186   11.22   705,262   6.00   N/A   N/A 

Total

  1,631,285   13.88   940,349   8.00   N/A   N/A 
                         

December 31, 2024

                        

Leverage (Tier 1) capital

 $1,079,011   11.33% $380,796   4.00%  N/A   N/A 

Risk-Based Capital:

                        

CET 1

 $962,929   10.97  $395,075   4.50   N/A   N/A 

Tier 1

  1,079,011   12.29   526,767   6.00   N/A   N/A 

Total

  1,239,111   14.11   702,356   8.00   N/A   N/A 
v3.25.4
Note 16 - Comprehensive Income (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
             

Affected Line Item in the

Details about Accumulated Other

 

Amounts Reclassified from Accumulated

 

Consolidated

Comprehensive Income (Loss) Components

 

Other Comprehensive Income (Loss)

 

Statements of Income

  

For the Year Ended

  
  

December 31,

  

(dollars in thousands)

 

2025

  

2024

  

2023

  

Net interest income on derivatives

 $17,219  $21,762  $20,230 

Interest income

   (5,316)  (6,117)  (6,086)

Income tax expense

   11,903   15,645   14,144  

Amortization of pension plan net actuarial losses

  -   (171)  (296)

Salaries and employee benefits

   -   48   89 

Income tax benefit

   -   (123)  (207) 

Total reclassification

 $11,903  $15,522  $13,937  
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
  

2025

  

2024

 
  

(dollars in thousands)

 

Investment securities available-for-sale, net of tax

 $(40,652) $(69,632)

Derivatives, net of tax

  7,904   22,481 

Defined benefit pension, net of tax

  852   (695)

Total

 $(31,896) $(47,846)
v3.25.4
Note 17 - Pension and Other Benefits (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets [Table Text Block]

Weighted average assumptions used to determine the benefit obligation:

    

Discount rate

  5.58%

Rate of increase in compensation levels

  N/A 

Weighted average assumptions used to determine net pension cost:

    

Discount rate

  5.80%

Rate of increase in compensation levels

  4.00%

Expected long-term rate of return on plan assets

  6.00%

Legacy CNOB Plan

 2025  2024 

Discount rate

 5.17% 5.38%

Rate of compensation increase

 N/A  N/A 

Legacy FLIC Plan

 

2025

 

Discount rate

  

5.58%

 

Rate of compensation increase

  

N/A

 
  

2026

  

2025

  

2024

 

Legacy CNOB Plan

            

Discount rate

  5.17%  5.38%  4.72%

Expected long-term return on plan assets

  6.00%  6.00%  6.00%

Rate of compensation increase

  N/A   N/A   N/A 
  

2025

 

Legacy FLIC Plan

    

Discount rate

  5.80%

Expected long-term return on plan assets

  6.00%

Rate of compensation increase

  4.00%
Schedule of Allocation of Plan Assets [Table Text Block]
          

Weighted

 
          

Average

 
          

Expected

 
          

Long-Term

 
  

Target

  

% of Plan

  

Rate of

 
  

Allocation

  

Assets

  

Return

 

Cash equivalents

  —%  0%  N/A 

Equity mutual funds

  25%  26%  10.6 

Fixed income mutual funds

  75%  74%  3.2 

Total

      100%  5.05 
              

Weighted

 
              

Average

 
      

% of Plan

  

% of Plan

  

Expected

 
      

Assets –

  

Assets –

  

Long-Term

 
  

Target

  

Year Ended

  

Year Ended

  

Rate of

 

Legacy CNOB Plan

  Allocation   2025   2024   Return 

Equity Securities

                

Domestic

  56%  60%  70%  4.2%

International

  2%  2%  3%  0.1%

Debt and/or fixed income securities

  42%  37%  24%  1.7%

Cash and other alternative investments, including real estate funds, commodity funds, hedge funds and equity structured notes

  —%  2%  3%  —%

Total

  100%  100%  100%  6.0%
          

Weighted

 
          

Average

 
      

% of Plan

  

Expected

 
      

Assets –

  

Long-Term

 
  

Target

  

Year Ended

  

Rate of

 

Legacy FLIC Plan

  Allocation   2025   Return 

Equity mutual funds

  25%  26%  10.6%

Fixed income mutual funds

  75%  74%  3.2%

Cash equivalents

  —%  —%  N/A 

Total

  100%  100%  5.1%
Schedule of Changes in Projected Benefit Obligations [Table Text Block]
  

2025

  

2024

 

Legacy CNOB Plan

 

(dollars in thousands)

 

Change in Benefit Obligation:

        

Projected benefit obligation as of January 1,

 $8,205  $9,335 

Interest cost

  422   424 

Actuarial loss (gain)

  52   (433)

Benefits paid

  (1,354)  (1,121)

Projected benefit obligation as of December 31,

 $7,325  $8,205 

Change in Plan Assets:

        

Fair value of plan assets as of January 1,

 $15,704  $14,614 

Actual return on plan assets

  1,872   2,211 

Benefits paid

  (1,354)  (1,121)

Fair value of plan assets as of December 31,

 $16,222  $15,704 

Funded status

 $8,897  $7,499 
  

2025

 

Legacy FLIC Plan

 

(dollars in thousands)

 

Change in Benefit Obligation:

    

Projected benefit obligation as of June 1,

 $48,126 

Interest cost

  1,511 

Service cost

  514 

Contributions

  117 

Assumption changes

  1,681 

Effect of curtailment

  (3,501)

Benefits paid

  (1,920)

Projected benefit obligation as of December 31,

 $46,528 

Change in Plan Assets:

    

Fair value of plan assets as of June 1,

 $59,300 

Actual return on plan assets

  5,087 

Contributions

  41 

Benefits paid

  (1,886)

Fair value of plan assets as of December 31,

 $62,542 

Funded status

 $16,014 
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]
  

As of December 31,

 
  

2025

  

2024

 

Legacy CNOB Plan

 

(dollars in thousands)

 

Net actuarial loss recognized in accumulated other comprehensive income (pre-tax)

 $62  $967 
  

As of December 31,

 
  

2025

 

Legacy FLIC Plan

 

(dollars in thousands)

 

Net actuarial loss recognized in accumulated other comprehensive income (pre-tax)

 $1,294 
Schedule of Net Benefit Costs [Table Text Block]
  

2025

  

2024

  

2023

 

Legacy CNOB

 

(dollars in thousands)

 

Interest cost

 $422  $424  $440 

Expected return on plan assets

  (921)  (856)  (838)

Net amortization

  -   171   296 

Settlement loss

  6   55   - 

Total net periodic pension income

 $(493) $(206) $(102)
             

Actuarial gain

  (899)  (1,788)  (941)

Net amortization included in net income

  -   (171)  (296)

Settlement loss included in net income

  (6)  (55)  - 

Total changes recognized in other comprehensive income

  (905)  (2,014)  (1,237)

Total recognized in net periodic pension income and other comprehensive income

 $(1,398) $(2,220) $(1,339)
  

2025

 

Legacy FLIC Plan

 

(dollars in thousands)

 

Interest cost

 $1,511 

Expected return on plan assets

  (2,070)

Service Cost

  514 

Effect of Curtailment

  (3,501)

Total recognized in net periodic pension income and other comprehensive income

 $(3,546)
Schedule of Changes in Fair Value of Plan Assets [Table Text Block]
  

December 31,

             
  

2025

  

Fair Value Measurements at Reporting Date Using

 
      

Quoted Prices

  

Significant

     
      

in Active

  

Other

  

Significant

 
      

Markets for

  

Observable

  

Unobservable

 

Legacy CNOB Plan

     Identical Assets  Inputs  Inputs 

Asset Class

     

(Level 1)

  

(Level 2)

  

(Level 3)

 
  

(dollars in thousands)

 

Cash

 $260  $260  $-  $- 

Equity securities:

                

U.S. companies

  9,701   9,701   -   - 

International companies

  274   274   -   - 

Debt and/or fixed income securities

  5,945   5,945   -   - 

Commodity funds

  28   28   -   - 

Real estate funds

  14   14   -   - 

Total

 $16,222  $16,222  $-  $- 
  

December 31,

             
  

2024

  

Fair Value Measurements at Reporting Date Using

 
      

Quoted Prices

  

Significant

     
      

in Active

  

Other

  

Significant

 
      

Markets for

  

Observable

  

Unobservable

 

Legacy CNOB Plan

     Identical Assets  Inputs  Inputs 

Asset Class

     

(Level 1)

  

(Level 2)

  

(Level 3)

 
  

(dollars in thousands)

 

Cash

 $393  $393  $-  $- 

Equity securities:

                

U.S. companies

  10,952   10,952   -   - 

International companies

  475   475   -   - 

Debt and/or fixed income securities

  3,807   3,807   -   - 

Commodity funds

  52   52   -   - 

Real estate funds

  25   25   -   - 

Total

 $15,704  $15,704  $-  $- 
  

December 31,

             
  

2025

  

Fair Value Measurements at Reporting Date Using

 
      

Quoted Prices

  

Significant

     
      

in Active

  

Other

  

Significant

 
      

Markets for

  

Observable

  

Unobservable

 

Legacy FLIC Plan

     

Identical Assets

  

Inputs

  

Inputs

 

Asset Class

     

(Level 1)

  

(Level 2)

  

(Level 3)

 
  

(dollars in thousands)

 

Cash

 $-  $-  $-  $- 

Equity securities:

                

U.S. companies

  10,316   10,316   -   - 

International companies

  5,893   5,893   -   - 

Debt and/or fixed income securities

  46,333   -   46,333   - 

Total

 $62,542  $16,209  $46,333  $- 
Schedule of Defined Benefit Plans Disclosures [Table Text Block]

Year (dollars in thousands)

  

Amount

 

2026

  $729 

2027

   732 

2028

   730 

2029

   715 

2030

   697 
2031 – 2035   3,203 

Year (dollars in thousands)

  

Amount

 

2026

  $3,283 

2027

   3,258 

2028

   3,346 

2029

   3,360 

2030

   3,400 
2031 - 2035   17,325 
v3.25.4
Note 18 - Stock Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Nonvested Restricted Stock Shares Activity [Table Text Block]
      

Weighted-

 
      

Average

 
  

Nonvested

  

Grant Date

 
  

Shares

  

Fair Value

 

Nonvested as of December 31, 2024

  110,340  $18.26 

Granted

  75,525   23.50 

Vested

  (71,642)  20.61 

Forfeited

  (3,874)  20.40 

Nonvested December 31, 2025

  110,349   20.25 
Schedule of Nonvested Performance-Based Units Activity [Table Text Block]
          

Weighted

 
          

Average Grant

 
  

Units

  

Units

  

Date Fair

 
  

(expected)

  

(maximum)

  

Value

 

Unearned as of December 31, 2024

  189,672      $21.52 

Awarded

  88,681       24.01 

Change in estimate (decrease)

  (19,616)      17.93 

Change in estimate (increase)

  4,197       32.80 

Vested shares

  (43,331)      32.80 

Forfeited/cancelled/expired

  (3,452)      19.01 

Unearned as of December 31, 2025

  216,151   371,976   20.87 
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
      

Weighted

 
      

Average Grant

 
  

Units

  

Date Fair

 
  

(expected)

  

Value

 

Unearned as of December 31, 2024

  181,836  $20.32 

Awarded

  80,010   24.01 

Vested shares

  (91,364)  21.35 

Unearned as of December 31, 2025

  170,482  $21.50 
v3.25.4
Note 20 - Derivatives (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
  

2025

 
  

Amount of gain

  

Amount of (gain)

  

Amount of gain (loss)

 
  

(loss) recognized

  

loss reclassified

  

recognized in other

 
  

in OCI (Effective

  

from OCI to

  

Noninterest income

 

(dollars in thousands)

 

Portion)

  

interest expense

  

(Ineffective Portion)

 

Interest rate contracts

 $(2,618) $(17,219) $- 
  

2024

 
  

Amount of gain

  

Amount of (gain)

  

Amount of gain (loss)

 
  

(loss) recognized

  

loss reclassified

  

recognized in other

 
  

in OCI (Effective

  

from OCI to

  

Noninterest income

 

(dollars in thousands)

 

Portion)

  

interest expense

  

(Ineffective Portion)

 

Interest rate contracts

 $17,547  $(21,762) $- 
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
  

2025

  

2024

 
  

Notional

      

Notional

     

(dollars in thousands)

 

Amount

  

Fair Value

  

Amount

  

Fair Value

 

Included in other assets/(liabilities):

                

Interest rate contracts

 $1,150,000  $15,370  $1,000,000  $37,398 
Derivatives Not Designated as Hedging Instruments [Table Text Block]
  

December 31, 2025

 
      

Notional

  

Fair Value

  

Fair Value

 

(in thousands)

 

Positions

  

Amount

  

Asset

  

Liabilities

 

Derivatives not designated as hedging instruments included in other assets / other liabilities:

                

Interest rate swaps with borrowers

  3  $35,914  $229  $- 

Interest rate swaps with offsetting counterparties

  3   35,914   -   229 
v3.25.4
Note 21 - Fair Value Measurements and Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
      

December 31, 2025

 
      

Fair Value Measurements at Reporting Date Using

 
      

Quoted Prices

         
      

in Active

  

Significant

     
      

Markets for

  

Other

  

Significant

 
      

Identical

  

Observable

  

Unobservable

 
      

Assets

  

Inputs

  

Inputs

 
  

Total Fair Value

  

(Level 1)

  

(Level 2)

  

(Level 3)

 

(dollars in thousands)

                

Recurring fair value measurements:

                

Assets

                

Investment securities:

                

Available-for-sale:

                

Federal agency obligations

 $391,190  $-  $391,190  $- 

Residential mortgage pass-through securities

  607,144   -   607,144   - 

Commercial mortgage pass-through securities

  26,969   -   26,969   - 

Obligations of U.S. states and political subdivision

  212,409   -   205,897   6,512 

Corporate bonds and notes

  12,519   -   12,519   - 

Asset-backed securities

  525   -   525   - 

Other securities

  182   182   -   - 

Total available-for-sale

 $1,250,938  $182  $1,244,244  $6,512 
                 

Equity securities

  19,287   10,073   9,214   - 

Derivatives - interest rate contracts

  16,074   -   16,074   - 

Total assets

 $1,286,299  $10,255  $1,269,532  $6,512 
                 

Liabilities

                

Derivatives - interest rate contracts

  704   -   704   - 

Total liabilities

 $704  $-  $704  $- 
      

December 31, 2024

 
      

Fair Value Measurements at Reporting Date Using

 
      

Quoted Prices

         
      

in Active

  

Significant

     
      

Markets for

  

Other

  

Significant

 
      

Identical

  

Observable

  

Unobservable

 
      

Assets

  

Inputs

  

Inputs

 
  

Total Fair Value

  

(Level 1)

  

(Level 2)

  

(Level 3)

 

(dollars in thousands)

                

Recurring fair value measurements:

                

Assets

                

Investment securities:

                

Available-for-sale:

                

Federal agency obligations

 $84,670  $-  $84,670  $- 

Residential mortgage pass-through securities

  378,838   -   378,838   - 

Commercial mortgage pass-through securities

  20,892   -   20,892   - 

Obligations of U.S. states and political subdivision

  122,404   -   115,878   6,526 

Corporate bonds and notes

  4,987   -   4,987   - 

Asset-backed securities

  885   -   885   - 

Other securities

  171   171   -   - 

Total available-for-sale

 $612,847  $171  $606,150  $6,526 
                 

Equity securities

  20,092   9,739   10,353   - 

Derivatives - interest rate contracts

  37,398   -   37,398   - 

Total assets

 $670,337  $9,910  $653,901  $6,526 
Fair Value Measurements, Nonrecurring [Table Text Block]
      

Fair Value Measurements at Reporting Date Using

 
      

Quoted

         
      

Prices

         
      

in Active

  

Significant

     
      

Markets for

  

Other

  

Significant

 
      

Identical

  

Observable

  

Unobservable

 
  

December 31,

  

Assets

  

Inputs

  

Inputs

 
  

2025

  

(Level 1)

  

(Level 2)

  

(Level 3)

 

Assets measured at fair value on a nonrecurring basis:

 

(dollars in thousands)

 

Collateral dependent loans:

                

Commercial

 $693  $-  $-  $693 
      

Fair Value Measurements at Reporting Date Using

 
      

Quoted

         
      

Prices

         
      

in Active

  

Significant

     
      

Markets for

  

Other

  

Significant

 
      

Identical

  

Observable

  

Unobservable

 
  

December 31,

  

Assets

  

Inputs

  

Inputs

 
  

2024

  

(Level 1)

  

(Level 2)

  

(Level 3)

 

Assets measured at fair value on a nonrecurring basis:

 

(dollars in thousands)

 

Collateral dependent loans:

                

Commercial

 $793  $-  $-  $793 

Commercial real estate

  2,913   -   -   2,913 
                 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
  

Municipal

 
  

Securities

 
  

(dollars in thousands)

 

Beginning balance, January 1, 2025

 $6,526 

Principal paydowns

  (314)

Changes in unrealized gain

  300 

Ending balance, December 31, 2025

 $6,512 
  

Municipal

 
  

Securities

 
  

(dollars in thousands)

 

Beginning balance, January 1, 2024

 $7,122 

Principal paydowns

  (304)

Changes in unrealized loss

  (292)

Ending balance, December 31, 2024

 $6,526 
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

December 31, 2025

    

Valuation

 

Unobservable

   
  

Fair Value

 

Techniques

 

Input

 

Range

 

Securities available-for-sale:

    

(dollars in thousands)

     

Municipal securities

 $6,512 

Discounted cash flows

 

Discount rate

 4.6%

December 31, 2024

    

Valuation

Unobservable

    
  

Fair Value

 

Techniques

Input

 

Range

 

Securities available-for-sale:

    

(dollars in thousands)

     

Municipal securities

 $6,526 

Discounted cash flows

Discount rate

  5.0%
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

December 31, 2025

 
     

Valuation

 

Unobservable

   

(dollars in thousands)

 

Fair Value

 

Techniques

 

Input

 

Range (weighed average)

 

Commercial loans

 $693 

Appraisals of collateral

 

Adjustment for comparable sales

 

-5% to +15% (+8.1%)

 

December 31, 2024

          
     

Valuation

 

Unobservable

   

(dollars in thousands)

 

Fair Value

 

Techniques

 

Input

 

Range (weighed average)

 

Commercial loans

 $726 

Appraisals of collateral

 

Adjustment for comparable sales

 -10% to +5% (-4.3%) 

Commercial real estate loans

  2,913 

Appraisals of collateral

 

Adjustment for comparable sales

 

-40% to +0% (-14.3%)

 
           
           
Fair Value, by Balance Sheet Grouping [Table Text Block]
          

Fair Value Measurements

 
          

Quoted

         
          

Prices in

         
          

Active

  

Significant

     
          

Markets for

  

Other

  

Significant

 
          

Identical

  

Observable

  

Unobservable

 
  

Carrying

  

Fair

  

Assets

  

Inputs

  

Inputs

 
  

Amount

  

Value

  

(Level 1)

  

(Level 2)

  

(Level 3)

 
  

(dollars in thousands)

 

December 31, 2025

                    

Financial assets:

                    

Cash and due from banks

 $380,895  $380,895  $380,895  $-  $- 

Investment securities available-for-sale

  1,250,938   1,250,938   182   1,244,244   6,512 

Restricted investment in bank stocks

  54,722   n/a   n/a   n/a   n/a 

Equity securities

  19,287   19,287   10,073   9,214   - 

Net loans

  11,298,975   11,232,658   -   -   11,232,658 

Derivatives - interest rate contracts

  16,074   16,074   -   16,074   - 

Accrued interest receivable

  60,761   60,761   -   5,172   55,589 
                     

Financial liabilities:

                    

Noninterest-bearing deposits

  2,420,397   2,420,397   2,420,397   -   - 

Interest-bearing deposits

  8,820,218   8,816,234   6,023,341   2,792,893   - 

Borrowings

  903,489   902,908   -   902,908   - 

Subordinated debentures

  201,864   204,454   -   204,454   - 

Derivatives - interest rate contracts

  704   704   -   704   - 

Accrued interest payable

  12,740   12,740   -   12,740   - 
                     

December 31, 2024

                    

Financial assets:

                    

Cash and due from banks

 $356,488  $356,488  $356,488  $-  $- 

Investment securities available-for-sale

  612,847   612,847   171   606,150   6,526 

Restricted investment in bank stocks

  40,449   n/a   n/a   n/a   n/a 

Equity securities

  20,092   20,092   9,739   10,353   - 

Net loans

  8,192,125   7,980,038   -   -   7,980,038 

Derivatives - interest rate contracts

  37,398   37,398   -   37,398   - 

Accrued interest receivable

  45,498   45,498   -   5,444   40,054 
                     

Financial liabilities:

                    

Noninterest-bearing deposits

  1,422,044   1,422,044   1,422,044   -   - 

Interest-bearing deposits

  6,398,070   6,387,896   3,840,870   2,547,026   - 

Borrowings

  688,064   687,273   -   687,273   - 

Subordinated debentures

  79,944   77,968   -   77,968   - 

Accrued interest payable

  9,320   9,320   -   9,320   - 
v3.25.4
Note 22 - Parent Corporation Only Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Condensed Balance Sheet [Table Text Block]
  

Condensed Statements of Condition

 
  

As of December 31,

 
  

2025

  

2024

 
  

(dollars in thousands)

 

ASSETS

        

Cash and cash equivalents

 $55,815  $36,152 

Investment in subsidiaries

  1,711,901   1,276,997 

Investment securities

  156   156 

Equity securities

  7,514   8,654 

Other assets

  1,239   3 

Total assets

 $1,776,625  $1,321,962 

LIABILITIES AND STOCKHOLDERS’ EQUITY

        

Other liabilities

  1,424   314 

Subordinated debentures, net

  201,861   79,944 

Stockholders’ equity

  1,573,340   1,241,704 

Total liabilities and stockholders’ equity

 $1,776,625  $1,321,962 
Condensed Income Statement [Table Text Block]
  

Condensed Statements of Income

 
  

For Years Ended December 31,

 
  

2025

  

2024

  

2023

 
  

(dollars in thousands)

 

Income:

            

Dividend income from subsidiaries

 $47,100  $45,950  $50,725 

Other income

  1,382   177   946 

Total Income

  48,482   46,127   51,671 

Expenses

  (15,120)  (5,406)  (6,359)

Income before equity in undistributed earnings of subsidiaries

  33,362   40,721   45,312 

Equity in undistributed earnings of subsidiaries

  47,081   33,072   41,691 

Net Income

  80,443   73,793   87,003 

Preferred dividends

  6,036   6,036   6,036 

Net income available to common stockholders

 $74,407  $67,757  $80,967 
Condensed Cash Flow Statement [Table Text Block]
  

Condensed Statements of Cash Flows

 
  

For Years Ended December 31

 
  

2025

  

2024

  

2023

 
  

(dollars in thousands)

 
             

Cash flows from operating activities:

            

Net income

 $80,443  $73,793  $87,003 

Adjustments to reconcile net income to net cash provided by operating activities:

            

Equity in undistributed earnings of subsidiary

  (47,081)  (33,072)  (41,691)

(Gain) loss on equity securities, net

  (1,371)  (164)  131 

Amortization of subordinated debt issuance costs

  641   505   1,184 

Decrease (increase) in other assets

  127   (3)  699 

Increase (decrease) in other liabilities

  1,110   (122)  (1,384)

Net cash provided by operating activities

  33,869   40,937   45,942 
             

Cash flows from investing activities:

            

Purchases of equity securities

  (1,825)  (1,533)  (2,870)

Sales and maturities of available-for-sale securities

  4,336   -   - 

Payments for investments and advances in subsidiaries

  (100,000)  -   (32,250)

Repayment of investments and advances in subsidiaries

  -   -   32,250 

Net cash used in investing activities

  (97,489)  (1,533)  (2,870)
             

Cash flows from financing activities:

            

Proceeds from issuance of subordinated debt

  200,000   -   - 

Redemption of subordinated debt

  (75,000)  -   (75,000)

Payment of subordinated debt issuance costs

  (3,725)  -   - 

Cash dividends paid on preferred stock

  (6,036)  (6,036)  (6,036)

Cash dividends paid on common stock

  (31,956)  (27,281)  (25,912)

Purchase of treasury stock

  -   (5,820)  (17,497)

Proceeds from exercise of stock options

  -   -   96 

Net cash used in financing activities

  83,283   (39,137)  (124,349)
             

Increase (decrease) increase in cash and cash equivalents

  19,663   267   (81,277)

Cash and cash equivalents as of January 1,

  36,152   35,885   117,162 

Cash and cash equivalents as of December 31,

 $55,815  $36,152  $35,885 
v3.25.4
Note 23 - Quarterly Financial Information of ConnectOne Bancorp, Inc. (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Quarterly Financial Information [Table Text Block]
  

2025

 
  

4th Quarter

  

3rd Quarter

  

2nd Quarter

  

1st Quarter

 
  

(dollars in thousands, except per share data)

 

Total interest income

 $186,340  $187,709  $146,030  $124,789 

Total interest expense

  79,745   85,692   67,147   59,033 

Net interest income

  106,595   102,017   78,883   65,756 

Provision for credit losses

  2,300   5,500   35,700   3,500 

Total other income

  6,020   19,409   5,185   4,451 

Other expenses

  56,946   58,673   73,649   39,305 

Income (loss) before income taxes

  53,369   57,253   (25,281)  27,402 

Income tax expense (benefit)

  13,851   16,277   (4,988)  7,160 

Net income (loss)

  39,518   40,976   (20,293)  20,242 

Preferred dividends

  1,509   1,509   1,509   1,509 

Net income (loss) available to common stockholders

 $38,009  $39,467  $(21,802) $18,733 

Earnings per share:

                

Basic

 $0.76  $0.79  $(0.52) $0.49 

Diluted

  0.75   0.78   (0.52)  0.49 
  

2024

 
  

4th Quarter

  

3rd Quarter

  

2nd Quarter

  

1st Quarter

 
  

(dollars in thousands, except per share data)

 

Total interest income

 $128,033  $130,242  $130,007  $129,607 

Total interest expense

  63,322   69,355   68,568   69,307 

Net interest income

  64,711   60,887   61,439   60,300 

Provision for credit losses

  3,500   3,800   2,500   4,000 

Total other income, net of securities gains

  3,744   4,737   4,399   3,848 

Other expenses

  38,498   38,641   37,594   37,065 

Income before income taxes

  26,457   23,183   25,744   23,083 

Income tax expense

  6,086   6,022   6,688   5,878 

Net income

  20,371   17,161   19,056   17,205 

Preferred dividends

  1,509   1,509   1,509   1,509 

Net income available to common stockholders

 $18,862  $15,652  $17,547  $15,696 

Earnings per share:

                

Basic

 $0.49  $0.41  $0.46  $0.41 

Diluted

  0.49   0.41   0.46   0.41 
v3.25.4
Note 24 - Segment Information (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
  

Consolidated Bank

 
  

2025

  

2024

  

2023

 

(dollars in thousands)

            
             

Interest income

 $644,868  $517,889  $490,065 

Noninterest income

  33,361   16,563   14,131 

Total segment income

 $678,229  $534,452  $504,196 
             

Less:

            

Interest expense

  276,750   265,314   229,789 

Segment net interest income and noninterest income

  401,479   269,138   274,407 

Less:

            

Provision for credit losses

  47,000   13,800   8,200 

Salaries and employee benefits

  111,423   90,053   88,223 

Other segment items*

  116,575   61,590   55,613 

Income tax expense

  32,300   24,673   29,955 

Segment consolidated net income

 $94,181  $79,022  $92,416 
             

Other segment disclosures

            

Interest income

 $644,868  $517,889  $490,065 

Interest expense

  276,750   265,314   229,789 

Depreciation

  6,087   4,422   4,503 

Amortization of core deposit intangibles

  7,922   1,235   1,438 

Other significant noncash items:

            

Provision for credit losses

  47,000   13,800   8,200 

Segment assets

  13,993,791   9,870,788   9,848,491 

Total expenses for segment assets

  584,048   455,431   411,781 
             

Reconciliation of assets

            

Total assets for segment

 $13,993,791  $9,870,788  $9,848,491 

Other assets

  8,909   8,812   7,112 

Total consolidated assets

 $14,002,700  $9,879,600  $9,855,603 
v3.25.4
Note 1a - Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies (Details Textual)
 12 Months Ended
Jun. 01, 2025
Dec. 31, 2025
USD ($)
shares
Dec. 31, 2024
USD ($)
shares
Dec. 31, 2023
USD ($)
shares
Number of Banking Offices   58    
Number of Reportable Segments   1    
Number of Operating Segments   1    
Non Accrual Contractual Due (Day)   90 days    
Number of Loan Segments [Member]   5    
Financing Receivable, Individually Evaluated for Credit Loss   $ 44,213,000 $ 56,497,000  
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay 2.00%      
Treasury Stock, Shares, Acquired (in shares) | shares     282,370 904,152
Share Repurchase Program, Excise Tax, Payable   0    
Goodwill, Impairment Loss   $ 0 $ 0 $ 0
Parent Company [Member]        
Treasury Stock, Shares, Acquired (in shares) | shares   0 283,270  
Minimum [Member]        
Financing Receivable, Individually Evaluated for Credit Loss   $ 250,000    
Minimum [Member] | Building and Building Improvements [Member]        
Property, Plant and Equipment, Useful Life (Year)   4 years    
Minimum [Member] | Furniture Fixtures and Equipment [Member]        
Property, Plant and Equipment, Useful Life (Year)   3 years    
Maximum [Member] | Building and Building Improvements [Member]        
Property, Plant and Equipment, Useful Life (Year)   30 years    
Maximum [Member] | Furniture Fixtures and Equipment [Member]        
Property, Plant and Equipment, Useful Life (Year)   10 years    
v3.25.4
Note 2 - Business Combination (Details Textual)
$ / shares in Units, $ in Thousands
 6 Months Ended 7 Months Ended 12 Months Ended
Jun. 01, 2025
USD ($)
shares
Dec. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Jun. 30, 2025
USD ($)
May 30, 2025
$ / shares
Dec. 31, 2022
USD ($)
Share Price (in dollars per share) | $ / shares               $ 22.97  
Goodwill   $ 220,235 $ 220,235 $ 220,235 $ 208,372 $ 208,372      
Goodwill, Measurement Period Adjustment $ 4,624       0        
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest   154,305 154,305 154,305 82,685 81,974     $ 90,513
Deferred Income Tax Expense (Benefit)       (2,772) (2,040) 4,135      
Business Combination, Acquisition-Related Cost, Expense       34,461 $ 1,605 $ 0      
First of Long Island Corporation [Member]                  
Business Acquisition, Equity Interest Issued or Issuable, Share Exchange Ratio 0.5175                
Business Combination, Consideration Transferred $ 270,828                
Business Combination, Consideration Transferred, Equity Interest, Share Issued, Number of Shares (in shares) | shares 11,790,116                
Goodwill $ 11,863 11,900 $ 11,900 11,900     $ 7,200    
Goodwill, Measurement Period Adjustment   4,600              
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Tax Asset, True-up   (5,000)              
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Tax Assets, Blended Tax Rate   $ 1,300              
Effective Income Tax Rate Reconciliation, Blended Tax Rate, Percent   30.90% 30.90%            
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Valuation Allowance   $ 10,900              
Deferred Income Tax Expense (Benefit) (51,100)   $ (46,500)            
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Tax Asset     (4,600)            
Business Combination, Pro Forma Information, Net Interest Income of Acquiree since Acquisition Date, Actual     61,700            
Business Combination, Acquiree's Earnings (Loss) since Acquisition Date, Actual     $ 37,300            
Business Combination, Acquisition-Related Cost, Expense       $ 34,000          
First of Long Island Corporation [Member] | Financial Asset Acquired with Credit Deterioration [Member]                  
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest $ 43,300                
v3.25.4
Note 2 - Business Combination - Schedule of Purchase Price Consideration (Details)
$ / shares in Units, $ in Thousands
Jun. 01, 2025
USD ($)
$ / shares
shares
Dec. 31, 2025
USD ($)
Jun. 30, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Goodwill   $ 220,235   $ 208,372 $ 208,372
First of Long Island Corporation [Member]          
Exchange Ratio 0.5175        
ConnectOne shares entitlement (in shares) | shares 11,790,116        
Fractional shares subject to cash in lieu $ (383)        
Price per share of ConnectOne common stock on May 30, 2025 (in dollars per share) | $ / shares $ 22.97        
Total fair value of stock consideration issued $ 270,819        
Cash consideration paid 9        
Total purchase price consideration 270,828        
Total purchase price consideration 270,828        
Cash and cash equivalents 54,869        
Securities available-for-sale 596,702        
Premises and equipment, net 45,895        
Pension plan assets 11,617        
Core deposit intangible 63,206        
Other assets 102,856        
Total assets acquired 3,900,470        
Deposits 3,251,147        
Borrowings 360,405        
Other liabilities 29,953        
Total liabilities assumed 3,641,505        
Net assets acquired 258,965        
Goodwill 11,863 $ 11,900 $ 7,200    
First of Long Island Corporation [Member] | Loans Receivable [Member]          
Financial assets 2,882,951        
First of Long Island Corporation [Member] | Investment in Restricted Stock [Member]          
Financial assets 24,276        
First of Long Island Corporation [Member] | Bank-owned Life Insurance [Member]          
Financial assets $ 118,098        
First of Long Island Corporation [Member] | FLIC Common Stock [Member]          
FLIC common shares settled for stock (in shares) | shares 22,783,572        
First of Long Island Corporation [Member] | ConnectOne Share Entitlement [Member]          
ConnectOne shares entitlement (in shares) | shares 11,790,499        
First of Long Island Corporation [Member] | Reported Value by Acquiree [Member]          
Total purchase price consideration $ 270,828        
Total purchase price consideration 270,828        
Cash and cash equivalents 54,869        
Securities available-for-sale 596,702        
Premises and equipment, net 45,895        
Pension plan assets 11,617        
Core deposit intangible 63,206        
Other assets 107,480        
Total assets acquired 3,905,094        
Deposits 3,251,147        
Borrowings 360,405        
Other liabilities 29,953        
Total liabilities assumed 3,641,505        
Net assets acquired 263,589        
Goodwill 7,239        
First of Long Island Corporation [Member] | Reported Value by Acquiree [Member] | Loans Receivable [Member]          
Financial assets 2,882,951        
First of Long Island Corporation [Member] | Reported Value by Acquiree [Member] | Investment in Restricted Stock [Member]          
Financial assets 24,276        
First of Long Island Corporation [Member] | Reported Value by Acquiree [Member] | Bank-owned Life Insurance [Member]          
Financial assets 118,098        
First of Long Island Corporation [Member] | Fair Value Adjustments [Member]          
Other assets (4,624)        
Total assets acquired (4,624)        
Net assets acquired (4,624)        
Goodwill $ 4,624        
v3.25.4
Note 2 - Business Combination - Schedule of PCD Loans Acquired (Details) - First of Long Island Corporation [Member]
$ in Thousands
Jun. 01, 2025
USD ($)
PCD Loans, unpaid principal balance $ 271,904
PCD Loans, discount (34,394)
PCD Loans, allowance for credit losses (43,336)
PCD Loans, fair value 194,174
Non-PCD Loans, unpaid principal balance 2,860,661
Non-PCD Loans, discount (171,884)
Non-PCD Loans, allowance for credit losses 0
Non-PCD Loans, fair value 2,688,777
Total Acquired Loans, unpaid principal balance 3,132,565
Total Acquired Loans, discount (206,278)
Total Acquired Loans, allowance for credit losses (43,336)
Total Acquired Loans, fair value $ 2,882,951
v3.25.4
Note 2 - Business Combination - Pro Forma Information (Details) - First of Long Island Corporation [Member] - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Net interest income $ 419,675 $ 293,469
Noninterest income 39,507 25,052
Net income 156,147 35,012
Net income available to common $ 150,111 $ 28,976
Basic EPS (in dollars per share) $ 3 $ 0.58
Diluted EPS (in dollars per share) $ 2.98 $ 0.58
v3.25.4
Note 3 - Earnings Per Common Share (Details Textual) - shares
shares in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) 0 0 0
v3.25.4
Note 3 - Earnings Per Common Share - Computation of Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net income available to common stockholders $ 38,009 $ 39,467 $ (21,802) $ 18,733 $ 18,862 $ 15,652 $ 17,547 $ 15,696 $ 74,407 $ 67,757 $ 80,967
Earnings allocated to participating securities                 (176) (187) (216)
Income attributable to common stock                 $ 74,231 $ 67,570 $ 80,751
Weighted average common shares outstanding, including participating securities (in shares)                 45,304 38,376 38,913
Weighted average participating securities (in shares)                 (107) (106) (104)
Weighted average common shares outstanding (in shares)                 45,197 38,270 38,809
Incremental shares from assumed conversions of options, deferred stock units, performance units and restricted stock (in shares)                 218 211 153
Weighted average common and equivalent shares outstanding (in shares)                 45,415 38,481 38,962
Basic (in dollars per share) $ 0.76 $ 0.79 $ (0.52) $ 0.49 $ 0.49 $ 0.41 $ 0.46 $ 0.41 $ 1.64 $ 1.77 $ 2.08
Diluted (in dollars per share) $ 0.75 $ 0.78 $ (0.52) $ 0.49 $ 0.49 $ 0.41 $ 0.46 $ 0.41 $ 1.63 $ 1.76 $ 2.07
v3.25.4
Note 4 - Investment Securities (Details Textual)
Pure in Thousands, $ in Thousands
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Debt Securities, Available-for-sale, Holding Greater than 10 Percent of Equity 0 0
Debt Securities, Available-for-Sale, Allowance for Credit Loss, Excluding Accrued Interest $ 0  
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss 5,200 $ 2,300
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]   Interest Receivable
Asset Pledged as Collateral [Member]    
Debt Securities, Available-for-Sale, Restricted $ 771,200 $ 184,000
v3.25.4
Note 4 - Investment Securities - Portfolio of Securities Available-for-sale (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Amortized cost $ 1,308,082 $ 708,437
Gross unrealized gains 13,265 484
Gross unrealized losses (70,409) (96,074)
Securities available-for-sale, fair value 1,250,938 612,847
US Government Agencies Debt Securities [Member]    
Amortized cost 398,392 96,165
Gross unrealized gains 2,467 179
Gross unrealized losses (9,669) (11,674)
Securities available-for-sale, fair value 391,190 84,670
Residential Mortgage-Backed Securities [Member]    
Amortized cost 644,811 439,445
Gross unrealized gains 5,391 211
Gross unrealized losses (43,058) (60,818)
Securities available-for-sale, fair value 607,144 378,838
Commercial Mortgage-Backed Securities [Member]    
Amortized cost 30,124 24,989
Gross unrealized gains 0 0
Gross unrealized losses (3,155) (4,097)
Securities available-for-sale, fair value 26,969 20,892
US States and Political Subdivisions Debt Securities [Member]    
Amortized cost 221,545 141,775
Gross unrealized gains 5,385 89
Gross unrealized losses (14,521) (19,460)
Securities available-for-sale, fair value 212,409 122,404
Corporate Debt Securities [Member]    
Amortized cost 12,500 5,000
Gross unrealized gains 22 5
Gross unrealized losses (3) (18)
Securities available-for-sale, fair value 12,519 4,987
Asset-Backed Securities [Member]    
Amortized cost 528 892
Gross unrealized gains 0 0
Gross unrealized losses (3) (7)
Securities available-for-sale, fair value 525 885
Other Debt Obligations [Member]    
Amortized cost 182 171
Gross unrealized gains 0 0
Gross unrealized losses 0 0
Securities available-for-sale, fair value $ 182 $ 171
v3.25.4
Note 4 - Investment Securities - Scheduled Maturities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Due in one year or less, amortized cost $ 2,963  
Due in one year or less, fair value 2,966  
Due after one year through five years, amortized cost 28,264  
Due after one year through five years, fair value 28,679  
Due after five years through ten years, amortized cost 68,320  
Due after five years through ten years, fair value 69,829  
Due after ten years, amortized cost 533,418  
Due after ten years, fair value 515,169  
Total investment securities available-for-sale, amortized cost 1,308,082 $ 708,437
Total investment securities available-for-sale, fair value 1,250,938 612,847
Residential Mortgage-Backed Securities [Member]    
Securities available-for-sale, without single maturity date, amortized cost 644,811  
Securities available-for-sale, without single maturity date, fair value 607,144  
Total investment securities available-for-sale, amortized cost 644,811 439,445
Total investment securities available-for-sale, fair value 607,144 378,838
Commercial Mortgage-Backed Securities [Member]    
Securities available-for-sale, without single maturity date, amortized cost 30,124  
Securities available-for-sale, without single maturity date, fair value 26,969  
Total investment securities available-for-sale, amortized cost 30,124 24,989
Total investment securities available-for-sale, fair value 26,969 20,892
Other Debt Obligations [Member]    
Securities available-for-sale, without single maturity date, amortized cost 182  
Securities available-for-sale, without single maturity date, fair value 182  
Total investment securities available-for-sale, amortized cost 182 171
Total investment securities available-for-sale, fair value $ 182 $ 171
v3.25.4
Note 4 - Investment Securities - Securities in an Unrealized Loss Position (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Temporarily impaired securities, fair value $ 600,311 $ 554,720
Temporarily impaired securities, unrealized losses (70,409) (96,074)
Temporarily impaired securities, fair value, less than 12 months 119,093 60,543
Temporarily impaired securities, unrealized losses, less than 12 months (410) (1,004)
Temporarily impaired securities, fair value, 12 months or longer 481,218 494,177
Temporarily impaired securities, unrealized losses, 12 months or longer (69,999) (95,070)
US Government Agencies Debt Securities [Member]    
Temporarily impaired securities, fair value 135,103 53,467
Temporarily impaired securities, unrealized losses (9,669) (11,674)
Temporarily impaired securities, fair value, less than 12 months 101,610 18,471
Temporarily impaired securities, unrealized losses, less than 12 months (246) (60)
Temporarily impaired securities, fair value, 12 months or longer 33,493 34,996
Temporarily impaired securities, unrealized losses, 12 months or longer (9,423) (11,614)
Residential Mortgage-Backed Securities [Member]    
Temporarily impaired securities, fair value 331,799 364,971
Temporarily impaired securities, unrealized losses (43,058) (60,818)
Temporarily impaired securities, fair value, less than 12 months 5,547 26,809
Temporarily impaired securities, unrealized losses, less than 12 months (45) (604)
Temporarily impaired securities, fair value, 12 months or longer 326,252 338,162
Temporarily impaired securities, unrealized losses, 12 months or longer (43,013) (60,214)
Commercial Mortgage-Backed Securities [Member]    
Temporarily impaired securities, fair value 26,969 20,892
Temporarily impaired securities, unrealized losses (3,155) (4,097)
Temporarily impaired securities, fair value, less than 12 months 5,421 0
Temporarily impaired securities, unrealized losses, less than 12 months (96) 0
Temporarily impaired securities, fair value, 12 months or longer 21,548 20,892
Temporarily impaired securities, unrealized losses, 12 months or longer (3,059) (4,097)
US States and Political Subdivisions Debt Securities [Member]    
Temporarily impaired securities, fair value 103,918 112,523
Temporarily impaired securities, unrealized losses (14,521) (19,460)
Temporarily impaired securities, fair value, less than 12 months 4,276 13,281
Temporarily impaired securities, unrealized losses, less than 12 months (20) (322)
Temporarily impaired securities, fair value, 12 months or longer 99,642 99,242
Temporarily impaired securities, unrealized losses, 12 months or longer (14,501) (19,138)
Corporate Debt Securities [Member]    
Temporarily impaired securities, fair value 1,997 1,982
Temporarily impaired securities, unrealized losses (3) (18)
Temporarily impaired securities, fair value, less than 12 months 1,997 1,982
Temporarily impaired securities, unrealized losses, less than 12 months (3) (18)
Temporarily impaired securities, fair value, 12 months or longer 0 0
Temporarily impaired securities, unrealized losses, 12 months or longer 0 0
Asset-Backed Securities [Member]    
Temporarily impaired securities, fair value 525 885
Temporarily impaired securities, unrealized losses (3) (7)
Temporarily impaired securities, fair value, less than 12 months 242 0
Temporarily impaired securities, unrealized losses, less than 12 months 0 0
Temporarily impaired securities, fair value, 12 months or longer 283 885
Temporarily impaired securities, unrealized losses, 12 months or longer $ (3) $ (7)
v3.25.4
Note 5 - Loans and the Allowance for Credit Losses (Details Textual)
Pure in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss $ 11,298,975 $ 8,192,125
Financing Receivable, Modified, Subsequent Default, Number of Contracts 0 0
Asset Pledged as Collateral [Member] | Federal Home Loan Bank Advances [Member]    
Financing Receivable, Excluding Accrued Interest, after Allowance for Credit Loss $ 8,200,000 $ 5,800
v3.25.4
Note 5 - Loans and the Allowance for Credit Losses - Composition of Loan Portfolio (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Gross loans $ 11,457,558 $ 8,280,482
Net deferred fees (4,278) (5,672)
Loans receivable 11,453,280 8,274,810
Commercial Portfolio Segment [Member]    
Gross loans 1,565,963 1,532,730
Commercial Real Estate Portfolio Segment [Member]    
Gross loans 8,054,696 5,880,679
Commercial Construction Portfolio Segment [Member]    
Gross loans 623,902 616,246
Residential Portfolio Segment [Member]    
Gross loans 1,210,980 249,691
Consumer Portfolio Segment [Member]    
Gross loans $ 2,017 $ 1,136
v3.25.4
Note 5 - Loans and the Allowance for Credit Losses - Composition of Loans Held-for-sale (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Loans held-for-sale $ 391 $ 743
Residential Mortgage [Member]    
Loans held-for-sale $ 391 $ 743
v3.25.4
Note 5 - Loans and the Allowance for Credit Losses - Loans Receivable on Nonaccrual Status (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Nonaccrual loans with ACL $ 2,743 $ 5,899
Nonaccrual loans without ACL 43,172 51,411
Total Nonaccrual loans 45,915 57,310
Commercial Portfolio Segment [Member]    
Nonaccrual loans with ACL 1,987 1,744
Nonaccrual loans without ACL 11,052 14,487
Total Nonaccrual loans 13,039 16,231
Commercial Real Estate Portfolio Segment [Member]    
Nonaccrual loans with ACL 207 3,822
Nonaccrual loans without ACL 28,354 32,664
Total Nonaccrual loans 28,561 36,486
Commercial Construction Portfolio Segment [Member]    
Nonaccrual loans with ACL 0 0
Nonaccrual loans without ACL 0 2,204
Total Nonaccrual loans 0 2,204
Residential Portfolio Segment [Member]    
Nonaccrual loans with ACL 549 333
Nonaccrual loans without ACL 3,766 2,056
Total Nonaccrual loans $ 4,315 $ 2,389
v3.25.4
Note 5 - Loans and the Allowance for Credit Losses - Loans by Origination and Risk Designation (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Originated Current Fiscal Year $ 1,442,449 $ 511,688  
Originated One Year Prior 762,181 443,185  
Originated Two Years Prior 513,243 1,724,765  
Originated Three Years Prior 1,989,079 1,782,673  
Originated Four Years Prior 1,763,604 397,679  
Originated Five or More Years Prior 2,395,879 1,685,185  
Revolving Loans 2,591,123 1,735,307  
Gross loans 11,457,558 8,280,482  
Gross write-off, current year 25 0  
Gross write-off, one year prior 0 0  
Gross write-off, two years prior 32 1,003  
Gross write-off, three years prior 1,669 49  
Gross write-off, four years prior 0 0  
Gross write-off, five years prior 14,693 10,732  
Gross write-off, revolving 2,962 1,918  
Gross write-off 19,381 13,702 $ 17,049
Pass [Member]      
Originated Current Fiscal Year 1,442,303 509,780  
Originated One Year Prior 757,618 440,166  
Originated Two Years Prior 510,195 1,660,146  
Originated Three Years Prior 1,923,801 1,778,072  
Originated Four Years Prior 1,747,400 393,127  
Originated Five or More Years Prior 2,253,581 1,566,356  
Revolving Loans 2,537,941 1,711,061  
Gross loans 11,172,839 8,058,708  
Special Mention [Member]      
Originated Current Fiscal Year 0 1,908  
Originated One Year Prior 0 0  
Originated Two Years Prior 0 56,459  
Originated Three Years Prior 39,965 2,538  
Originated Four Years Prior 3,741 1,643  
Originated Five or More Years Prior 74,379 66,563  
Revolving Loans 10,385 20,264  
Gross loans 128,470 149,375  
Substandard [Member]      
Originated Current Fiscal Year 146 0  
Originated One Year Prior 4,563 3,019  
Originated Two Years Prior 3,048 8,160  
Originated Three Years Prior 25,313 2,063  
Originated Four Years Prior 12,463 2,909  
Originated Five or More Years Prior 67,919 52,266  
Revolving Loans 42,797 3,982  
Gross loans 156,249 72,399  
Doubtful [Member]      
Originated Current Fiscal Year 0 0  
Originated One Year Prior 0 0  
Originated Two Years Prior 0 0  
Originated Three Years Prior 0 0  
Originated Four Years Prior 0 0  
Originated Five or More Years Prior 0 0  
Revolving Loans 0 0  
Gross loans 0 0  
Commercial Portfolio Segment [Member]      
Originated Current Fiscal Year 166,088 69,206  
Originated One Year Prior 194,609 160,086  
Originated Two Years Prior 140,229 201,124  
Originated Three Years Prior 221,318 239,820  
Originated Four Years Prior 180,314 31,360  
Originated Five or More Years Prior 158,725 133,894  
Revolving Loans 504,680 697,240  
Gross loans 1,565,963 1,532,730  
Gross write-off, current year 0 0  
Gross write-off, one year prior 0 0  
Gross write-off, two years prior 32 1,003  
Gross write-off, three years prior 1,669 49  
Gross write-off, four years prior 0 0  
Gross write-off, five years prior 854 316  
Gross write-off, revolving 1,961 1,918  
Gross write-off 4,516 3,286 14,888
Commercial Portfolio Segment [Member] | Pass [Member]      
Originated Current Fiscal Year 165,942 67,298  
Originated One Year Prior 194,070 157,067  
Originated Two Years Prior 137,181 194,602  
Originated Three Years Prior 217,504 237,065  
Originated Four Years Prior 177,715 29,717  
Originated Five or More Years Prior 145,173 111,841  
Revolving Loans 479,906 678,206  
Gross loans 1,517,491 1,475,796  
Commercial Portfolio Segment [Member] | Special Mention [Member]      
Originated Current Fiscal Year 0 1,908  
Originated One Year Prior 0 0  
Originated Two Years Prior 0 2,817  
Originated Three Years Prior 694 2,538  
Originated Four Years Prior 0 1,643  
Originated Five or More Years Prior 2,927 6,209  
Revolving Loans 44 17,491  
Gross loans 3,665 32,606  
Commercial Portfolio Segment [Member] | Substandard [Member]      
Originated Current Fiscal Year 146 0  
Originated One Year Prior 539 3,019  
Originated Two Years Prior 3,048 3,705  
Originated Three Years Prior 3,120 217  
Originated Four Years Prior 2,599 0  
Originated Five or More Years Prior 10,625 15,844  
Revolving Loans 24,730 1,543  
Gross loans 44,807 24,328  
Commercial Portfolio Segment [Member] | Doubtful [Member]      
Originated Current Fiscal Year 0 0  
Originated One Year Prior 0 0  
Originated Two Years Prior 0 0  
Originated Three Years Prior 0 0  
Originated Four Years Prior 0 0  
Originated Five or More Years Prior 0 0  
Revolving Loans 0 0  
Gross loans 0 0  
Commercial Real Estate Portfolio Segment [Member]      
Originated Current Fiscal Year 1,129,223 408,314  
Originated One Year Prior 420,830 268,533  
Originated Two Years Prior 303,121 1,481,673  
Originated Three Years Prior 1,548,498 1,511,933  
Originated Four Years Prior 1,404,550 341,305  
Originated Five or More Years Prior 1,774,365 1,453,635  
Revolving Loans 1,474,109 415,286  
Gross loans 8,054,696 5,880,679  
Gross write-off, current year 0 0  
Gross write-off, one year prior 0 0  
Gross write-off, two years prior 0 0  
Gross write-off, three years prior 0 0  
Gross write-off, four years prior 0 0  
Gross write-off, five years prior 13,839 10,416  
Gross write-off, revolving 0 0  
Gross write-off 13,839 10,416 2,142
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]      
Originated Current Fiscal Year 1,129,223 408,314  
Originated One Year Prior 416,806 268,533  
Originated Two Years Prior 303,121 1,424,209  
Originated Three Years Prior 1,487,034 1,510,087  
Originated Four Years Prior 1,391,743 339,553  
Originated Five or More Years Prior 1,648,135 1,357,858  
Revolving Loans 1,451,710 415,286  
Gross loans 7,827,772 5,723,840  
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]      
Originated Current Fiscal Year 0 0  
Originated One Year Prior 0 0  
Originated Two Years Prior 0 53,642  
Originated Three Years Prior 39,271 0  
Originated Four Years Prior 3,741 0  
Originated Five or More Years Prior 71,452 59,719  
Revolving Loans 6,998 0  
Gross loans 121,462 113,361  
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]      
Originated Current Fiscal Year 0 0  
Originated One Year Prior 4,024 0  
Originated Two Years Prior 0 3,822  
Originated Three Years Prior 22,193 1,846  
Originated Four Years Prior 9,066 1,752  
Originated Five or More Years Prior 54,778 36,058  
Revolving Loans 15,401 0  
Gross loans 105,462 43,478  
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]      
Originated Current Fiscal Year 0 0  
Originated One Year Prior 0 0  
Originated Two Years Prior 0 0  
Originated Three Years Prior 0 0  
Originated Four Years Prior 0 0  
Originated Five or More Years Prior 0 0  
Revolving Loans 0 0  
Gross loans 0 0  
Commercial Construction Portfolio Segment [Member]      
Originated Current Fiscal Year 108,660 15,390  
Originated One Year Prior 120,104 0  
Originated Two Years Prior 36,316 2,137  
Originated Three Years Prior 17,912 8,995  
Originated Four Years Prior 63,727 6,518  
Originated Five or More Years Prior 44,193 0  
Revolving Loans 232,990 583,206  
Gross loans 623,902 616,246  
Gross write-off, current year 0 0  
Gross write-off, one year prior 0 0  
Gross write-off, two years prior 0 0  
Gross write-off, three years prior 0 0  
Gross write-off, four years prior 0 0  
Gross write-off, five years prior 0 0  
Gross write-off, revolving 0 0  
Gross write-off 0 0 (0)
Commercial Construction Portfolio Segment [Member] | Pass [Member]      
Originated Current Fiscal Year 108,660 15,390  
Originated One Year Prior 120,104 0  
Originated Two Years Prior 36,316 2,137  
Originated Three Years Prior 17,912 8,995  
Originated Four Years Prior 63,727 6,518  
Originated Five or More Years Prior 44,193 0  
Revolving Loans 232,990 581,002  
Gross loans 623,902 614,042  
Commercial Construction Portfolio Segment [Member] | Special Mention [Member]      
Originated Current Fiscal Year 0 0  
Originated One Year Prior 0 0  
Originated Two Years Prior 0 0  
Originated Three Years Prior 0 0  
Originated Four Years Prior 0 0  
Originated Five or More Years Prior 0 0  
Revolving Loans 0 0  
Gross loans 0 0  
Commercial Construction Portfolio Segment [Member] | Substandard [Member]      
Originated Current Fiscal Year 0 0  
Originated One Year Prior 0 0  
Originated Two Years Prior 0 0  
Originated Three Years Prior 0 0  
Originated Four Years Prior 0 0  
Originated Five or More Years Prior 0 0  
Revolving Loans 0 2,204  
Gross loans 0 2,204  
Commercial Construction Portfolio Segment [Member] | Doubtful [Member]      
Originated Current Fiscal Year 0 0  
Originated One Year Prior 0 0  
Originated Two Years Prior 0 0  
Originated Three Years Prior 0 0  
Originated Four Years Prior 0 0  
Originated Five or More Years Prior 0 0  
Revolving Loans 0 0  
Gross loans 0 0  
Residential Portfolio Segment [Member]      
Originated Current Fiscal Year 36,615 17,763  
Originated One Year Prior 26,638 14,542  
Originated Two Years Prior 33,577 39,830  
Originated Three Years Prior 201,351 21,925  
Originated Four Years Prior 115,013 18,496  
Originated Five or More Years Prior 418,533 97,656  
Revolving Loans 379,253 39,479  
Gross loans 1,210,980 249,691  
Gross write-off, current year 0 0  
Gross write-off, one year prior 0 0  
Gross write-off, two years prior 0 0  
Gross write-off, three years prior 0 0  
Gross write-off, four years prior 0 0  
Gross write-off, five years prior 0 0  
Gross write-off, revolving 1,000 0  
Gross write-off 1,000 0 18
Residential Portfolio Segment [Member] | Pass [Member]      
Originated Current Fiscal Year 36,615 17,763  
Originated One Year Prior 26,638 14,542  
Originated Two Years Prior 33,577 39,197  
Originated Three Years Prior 201,351 21,925  
Originated Four Years Prior 114,215 17,339  
Originated Five or More Years Prior 416,017 96,657  
Revolving Loans 373,244 36,471  
Gross loans 1,201,657 243,894  
Residential Portfolio Segment [Member] | Special Mention [Member]      
Originated Current Fiscal Year 0 0  
Originated One Year Prior 0 0  
Originated Two Years Prior 0 0  
Originated Three Years Prior 0 0  
Originated Four Years Prior 0 0  
Originated Five or More Years Prior 0 635  
Revolving Loans 3,343 2,773  
Gross loans 3,343 3,408  
Residential Portfolio Segment [Member] | Substandard [Member]      
Originated Current Fiscal Year 0 0  
Originated One Year Prior 0 0  
Originated Two Years Prior 0 633  
Originated Three Years Prior 0 0  
Originated Four Years Prior 798 1,157  
Originated Five or More Years Prior 2,516 364  
Revolving Loans 2,666 235  
Gross loans 5,980 2,389  
Residential Portfolio Segment [Member] | Doubtful [Member]      
Originated Current Fiscal Year 0 0  
Originated One Year Prior 0 0  
Originated Two Years Prior 0 0  
Originated Three Years Prior 0 0  
Originated Four Years Prior 0 0  
Originated Five or More Years Prior 0 0  
Revolving Loans 0 0  
Gross loans 0 0  
Consumer Portfolio Segment [Member]      
Originated Current Fiscal Year 1,863 1,015  
Originated One Year Prior 0 24  
Originated Two Years Prior 0 1  
Originated Three Years Prior 0 0  
Originated Four Years Prior 0 0  
Originated Five or More Years Prior 63 0  
Revolving Loans 91 96  
Gross loans 2,017 1,136  
Gross write-off, current year 25 0  
Gross write-off, one year prior 0 0  
Gross write-off, two years prior 0 0  
Gross write-off, three years prior 0 0  
Gross write-off, four years prior 0 0  
Gross write-off, five years prior 0 0  
Gross write-off, revolving 1 0  
Gross write-off 26 0 $ 1
Consumer Portfolio Segment [Member] | Pass [Member]      
Originated Current Fiscal Year 1,863 1,015  
Originated One Year Prior 0 24  
Originated Two Years Prior 0 1  
Originated Three Years Prior 0 0  
Originated Four Years Prior 0 0  
Originated Five or More Years Prior 63 0  
Revolving Loans 91 96  
Gross loans 2,017 1,136  
Consumer Portfolio Segment [Member] | Special Mention [Member]      
Originated Current Fiscal Year 0 0  
Originated One Year Prior 0 0  
Originated Two Years Prior 0 0  
Originated Three Years Prior 0 0  
Originated Four Years Prior 0 0  
Originated Five or More Years Prior 0 0  
Revolving Loans 0 0  
Gross loans 0 0  
Consumer Portfolio Segment [Member] | Substandard [Member]      
Originated Current Fiscal Year 0 0  
Originated One Year Prior 0 0  
Originated Two Years Prior 0 0  
Originated Three Years Prior 0 0  
Originated Four Years Prior 0 0  
Originated Five or More Years Prior 0 0  
Revolving Loans 0 0  
Gross loans 0 0  
Consumer Portfolio Segment [Member] | Doubtful [Member]      
Originated Current Fiscal Year 0 0  
Originated One Year Prior 0 0  
Originated Two Years Prior 0 0  
Originated Three Years Prior 0 0  
Originated Four Years Prior 0 0  
Originated Five or More Years Prior 0 0  
Revolving Loans 0 0  
Gross loans $ 0 $ 0  
v3.25.4
Note 5 - Loans and the Allowance for Credit Losses - Collateral Dependent Loans (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Gross loans $ 11,457,558 $ 8,280,482
Real Estate [Member]    
Gross loans 254,710 43,054
Other Collateral Pledged [Member]    
Gross loans 8,783 9,222
Collateral Pledged [Member]    
Gross loans 263,493 52,276
Commercial Portfolio Segment [Member]    
Gross loans 1,565,963 1,532,730
Commercial Portfolio Segment [Member] | Real Estate [Member]    
Gross loans 6,948 2,308
Commercial Portfolio Segment [Member] | Other Collateral Pledged [Member]    
Gross loans 8,783 9,222
Commercial Portfolio Segment [Member] | Collateral Pledged [Member]    
Gross loans 15,731 11,530
Commercial Real Estate Portfolio Segment [Member]    
Gross loans 8,054,696 5,880,679
Commercial Real Estate Portfolio Segment [Member] | Real Estate [Member]    
Gross loans 242,125 36,486
Commercial Real Estate Portfolio Segment [Member] | Other Collateral Pledged [Member]    
Gross loans 0 0
Commercial Real Estate Portfolio Segment [Member] | Collateral Pledged [Member]    
Gross loans 242,125 36,486
Commercial Construction Portfolio Segment [Member]    
Gross loans 623,902 616,246
Commercial Construction Portfolio Segment [Member] | Real Estate [Member]    
Gross loans 0 2,204
Commercial Construction Portfolio Segment [Member] | Other Collateral Pledged [Member]    
Gross loans 0 0
Commercial Construction Portfolio Segment [Member] | Collateral Pledged [Member]    
Gross loans 0 2,204
Residential Portfolio Segment [Member]    
Gross loans 1,210,980 249,691
Residential Portfolio Segment [Member] | Real Estate [Member]    
Gross loans 5,637 2,056
Residential Portfolio Segment [Member] | Other Collateral Pledged [Member]    
Gross loans 0 0
Residential Portfolio Segment [Member] | Collateral Pledged [Member]    
Gross loans $ 5,637 $ 2,056
v3.25.4
Note 5 - Loans and the Allowance for Credit Losses - Analysis of Aging of Loans (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Gross loans $ 11,457,558 $ 8,280,482
Nonaccrual 45,915 57,310
Financial Asset, 30 to 59 Days Past Due [Member]    
Gross loans 21,882 3,331
Financial Asset, 60 to 89 Days Past Due [Member]    
Gross loans 8,009 0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Gross loans 17,472 0
Financial Asset, Past Due [Member]    
Gross loans 93,278 60,641
Financial Asset, Not Past Due [Member]    
Gross loans 11,364,280 8,219,841
Commercial Portfolio Segment [Member]    
Gross loans 1,565,963 1,532,730
Nonaccrual 13,039 16,231
Commercial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]    
Gross loans 875 1,340
Commercial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]    
Gross loans 539 0
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Gross loans 427 0
Commercial Portfolio Segment [Member] | Financial Asset, Past Due [Member]    
Gross loans 14,880 17,571
Commercial Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]    
Gross loans 1,551,083 1,515,159
Commercial Real Estate Portfolio Segment [Member]    
Gross loans 8,054,696 5,880,679
Nonaccrual 28,561 36,486
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]    
Gross loans 13,602 0
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]    
Gross loans 6,098 0
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Gross loans 16,276 0
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member]    
Gross loans 64,537 36,486
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]    
Gross loans 7,990,159 5,844,193
Commercial Construction Portfolio Segment [Member]    
Gross loans 623,902 616,246
Nonaccrual 0 2,204
Commercial Construction Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]    
Gross loans 0 0
Commercial Construction Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]    
Gross loans 0 0
Commercial Construction Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Gross loans 0 0
Commercial Construction Portfolio Segment [Member] | Financial Asset, Past Due [Member]    
Gross loans 0 2,204
Commercial Construction Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]    
Gross loans 623,902 614,042
Residential Portfolio Segment [Member]    
Gross loans 1,210,980 249,691
Nonaccrual 4,315 2,389
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]    
Gross loans 7,405 1,991
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]    
Gross loans 1,372 0
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Gross loans 769 0
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member]    
Gross loans 13,861 4,380
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]    
Gross loans 1,197,119 245,311
Consumer Portfolio Segment [Member]    
Gross loans 2,017 1,136
Nonaccrual 0 0
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]    
Gross loans 0 0
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]    
Gross loans 0 0
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Gross loans 0 0
Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member]    
Gross loans 0 0
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]    
Gross loans $ 2,017 $ 1,136
v3.25.4
Note 5 - Loans and the Allowance for Credit Losses - Impairment Evaluation on Loans and Allowance for Credit Losses (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Individually analyzed, allowance for credit loss $ 439 $ 1,235    
Collectively evaluated, allowance for credit loss 111,843 81,238    
Less: Allowance for credit losses - loans 154,305 82,685 $ 81,974 $ 90,513
Financing Receivable, Individually Evaluated for Credit Loss 44,213 56,497    
Collectively evaluated, gross loans 11,192,215 8,223,563    
Gross loans 11,457,558 8,280,482    
Financial Asset Acquired with Credit Deterioration [Member]        
Individually analyzed, allowance for credit loss   212    
Acquired with deteriorated credit quality 42,023      
Gross loans 221,130 422    
Commercial Portfolio Segment [Member]        
Individually analyzed, allowance for credit loss 314 326    
Collectively evaluated, allowance for credit loss 15,392 17,740    
Less: Allowance for credit losses - loans 15,358 18,278 20,632 28,903
Financing Receivable, Individually Evaluated for Credit Loss 12,184 15,751    
Collectively evaluated, gross loans 1,548,381 1,516,557    
Gross loans 1,565,963 1,532,730    
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]        
Individually analyzed, allowance for credit loss   212    
Acquired with deteriorated credit quality (348)      
Gross loans 5,398 422    
Commercial Real Estate Portfolio Segment [Member]        
Individually analyzed, allowance for credit loss 125 909    
Collectively evaluated, allowance for credit loss 79,046 53,868    
Less: Allowance for credit losses - loans 121,427 54,777 52,278 53,742
Financing Receivable, Individually Evaluated for Credit Loss 28,354 36,486    
Collectively evaluated, gross loans 7,812,572 5,844,193    
Gross loans 8,054,696 5,880,679    
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]        
Individually analyzed, allowance for credit loss   0    
Acquired with deteriorated credit quality 42,256      
Gross loans 213,770 0    
Commercial Construction Portfolio Segment [Member]        
Individually analyzed, allowance for credit loss 0 0    
Collectively evaluated, allowance for credit loss 5,303 5,064    
Less: Allowance for credit losses - loans 5,303 5,064 4,739 3,718
Financing Receivable, Individually Evaluated for Credit Loss 0 2,204    
Collectively evaluated, gross loans 623,902 614,042    
Gross loans 623,902 616,246    
Commercial Construction Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]        
Individually analyzed, allowance for credit loss   0    
Acquired with deteriorated credit quality 0      
Gross loans 0 0    
Residential Portfolio Segment [Member]        
Individually analyzed, allowance for credit loss 0 0    
Collectively evaluated, allowance for credit loss 12,084 4,561    
Less: Allowance for credit losses - loans 12,199 4,561 4,320 4,143
Financing Receivable, Individually Evaluated for Credit Loss 3,675 2,056    
Collectively evaluated, gross loans 1,205,343 247,635    
Gross loans 1,210,980 249,691    
Residential Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]        
Individually analyzed, allowance for credit loss   0    
Acquired with deteriorated credit quality 115      
Gross loans 1,962 0    
Consumer Portfolio Segment [Member]        
Individually analyzed, allowance for credit loss 0 0    
Collectively evaluated, allowance for credit loss 18 5    
Less: Allowance for credit losses - loans 18 5 $ 5 $ 7
Financing Receivable, Individually Evaluated for Credit Loss 0 0    
Collectively evaluated, gross loans 2,017 1,136    
Gross loans 2,017 1,136    
Consumer Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]        
Individually analyzed, allowance for credit loss   0    
Acquired with deteriorated credit quality 0      
Gross loans $ 0 $ 0    
v3.25.4
Note 5 - Loans and the Allowance for Credit Losses - Activity in the ACL for Loans (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Balance $ 82,685 $ 81,974 $ 90,513
Charge-offs (19,381) (13,702) (17,049)
Recoveries 1,147 429 86
Initial provision related to acquisition – loans 27,307 0  
Operating provision for credit losses 20,525 13,984 8,424
Nonaccretable credit marks on PCD loans 42,022    
Balance 154,305 82,685 81,974
Commercial Portfolio Segment [Member]      
Balance 18,278 20,632 28,903
Charge-offs (4,516) (3,286) (14,888)
Recoveries 366 392 10
Initial provision related to acquisition – loans 985    
Operating provision for credit losses (616) 540 6,607
Nonaccretable credit marks on PCD loans 861    
Balance 15,358 18,278 20,632
Commercial Real Estate Portfolio Segment [Member]      
Balance 54,777 52,278 53,742
Charge-offs (13,839) (10,416) (2,142)
Recoveries 746 31 0
Initial provision related to acquisition – loans 16,017    
Operating provision for credit losses 22,679 12,884 678
Nonaccretable credit marks on PCD loans 41,047    
Balance 121,427 54,777 52,278
Commercial Construction Portfolio Segment [Member]      
Balance 5,064 4,739 3,718
Charge-offs 0 0 0
Recoveries 0 0 0
Initial provision related to acquisition – loans 78    
Operating provision for credit losses 161 325 1,021
Nonaccretable credit marks on PCD loans 0    
Balance 5,303 5,064 4,739
Residential Portfolio Segment [Member]      
Balance 4,561 4,320 4,143
Charge-offs (1,000) 0 (18)
Recoveries 35 6 68
Initial provision related to acquisition – loans 10,217    
Operating provision for credit losses (1,728) 235 127
Nonaccretable credit marks on PCD loans 114    
Balance 12,199 4,561 4,320
Consumer Portfolio Segment [Member]      
Balance 5 5 7
Charge-offs (26) 0 (1)
Recoveries 0 0 8
Initial provision related to acquisition – loans 10    
Operating provision for credit losses 29 0 (9)
Nonaccretable credit marks on PCD loans 0    
Balance $ 18 $ 5 $ 5
v3.25.4
Note 5 - Loans and the Allowance for Credit Losses - Amortized Cost of of the Modified Loans (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Modified $ 36,590 $ 83,317
Loans Modified, Gross $ 11,457,558 $ 8,280,482
Modified, percentage 0.32% 1.01%
Weighted Average Term Extension (Month) 15 months 142 months
Weighted Average Interest Rate Reduction 0.00% 0.80%
Weighted Average Payment Reduction   $ 6
Extended Maturity [Member]    
Modified $ 17,779 19,054
Payment Deferral [Member]    
Modified $ 18,811 126
Contractual Interest Rate Reduction [Member]    
Modified   63,804
Principal Forgiveness [Member]    
Modified   $ 333
Weighted Average [Member]    
Payment Deferral (Month) 2 months 3 months
Commercial Portfolio Segment [Member]    
Modified $ 24,659 $ 18,100
Loans Modified, Gross $ 1,565,963 $ 1,532,730
Modified, percentage 1.57% 1.18%
Weighted Average Term Extension (Month) 8 months 6 months
Weighted Average Interest Rate Reduction 0.00%  
Weighted Average Payment Reduction   $ 6
Commercial Portfolio Segment [Member] | Extended Maturity [Member]    
Modified $ 5,848 17,641
Commercial Portfolio Segment [Member] | Payment Deferral [Member]    
Modified $ 18,811 126
Commercial Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member]    
Modified   0
Commercial Portfolio Segment [Member] | Principal Forgiveness [Member]    
Modified   $ 333
Commercial Portfolio Segment [Member] | Weighted Average [Member]    
Payment Deferral (Month) 2 months 3 months
Commercial Real Estate Portfolio Segment [Member]    
Modified $ 3,687 $ 63,804
Loans Modified, Gross $ 8,054,696 $ 5,880,679
Modified, percentage 0.05% 1.08%
Weighted Average Term Extension (Month) 4 months  
Weighted Average Interest Rate Reduction   0.80%
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity [Member]    
Modified $ 3,687 $ 0
Commercial Real Estate Portfolio Segment [Member] | Payment Deferral [Member]    
Modified 0 0
Commercial Real Estate Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member]    
Modified   63,804
Commercial Real Estate Portfolio Segment [Member] | Principal Forgiveness [Member]    
Modified   0
Commercial Construction Portfolio Segment [Member]    
Modified 8,244 0
Loans Modified, Gross $ 623,902 $ 616,246
Modified, percentage 1.32% 0.00%
Weighted Average Term Extension (Month) 3 months  
Commercial Construction Portfolio Segment [Member] | Extended Maturity [Member]    
Modified $ 8,244 $ 0
Commercial Construction Portfolio Segment [Member] | Payment Deferral [Member]    
Modified 0 0
Commercial Construction Portfolio Segment [Member] | Principal Forgiveness [Member]    
Modified   0
Commercial Construction Portfolio Segment [Member] | Interest Rate Below Market Reduction [Member]    
Modified   0
Residential Portfolio Segment [Member]    
Modified 0 1,413
Loans Modified, Gross $ 1,210,980 $ 249,691
Modified, percentage 0.00% 0.57%
Weighted Average Term Extension (Month)   136 months
Residential Portfolio Segment [Member] | Extended Maturity [Member]    
Modified $ 0 $ 1,413
Residential Portfolio Segment [Member] | Payment Deferral [Member]    
Modified 0 0
Residential Portfolio Segment [Member] | Contractual Interest Rate Reduction [Member]    
Modified   0
Residential Portfolio Segment [Member] | Principal Forgiveness [Member]    
Modified   0
Consumer Portfolio Segment [Member]    
Modified 0 0
Loans Modified, Gross $ 2,017 $ 1,136
Modified, percentage 0.00% 0.00%
Consumer Portfolio Segment [Member] | Extended Maturity [Member]    
Modified $ 0 $ 0
Consumer Portfolio Segment [Member] | Payment Deferral [Member]    
Modified $ 0 0
Consumer Portfolio Segment [Member] | Principal Forgiveness [Member]    
Modified   0
Consumer Portfolio Segment [Member] | Interest Rate Below Market Reduction [Member]    
Modified   $ 0
v3.25.4
Note 5 - Loans and the Allowance for Credit Losses - Aging of Modified Loans (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Modified $ 36,590 $ 83,317
Financial Asset, Not Past Due [Member]    
Modified 36,590  
Modified   83,317
Financial Asset, 30 to 89 Days Past Due [Member]    
Modified 0  
Modified   0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Modified 0  
Modified   0
Commercial Portfolio Segment [Member]    
Modified 24,659 18,100
Commercial Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]    
Modified 24,659  
Modified   18,100
Commercial Portfolio Segment [Member] | Financial Asset, 30 to 89 Days Past Due [Member]    
Modified 0  
Modified   0
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Modified 0  
Modified   0
Commercial Real Estate Portfolio Segment [Member]    
Modified 3,687 63,804
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]    
Modified 3,687  
Modified   63,804
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 89 Days Past Due [Member]    
Modified 0  
Modified   0
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Modified 0  
Modified   0
Commercial Construction Portfolio Segment [Member]    
Modified 8,244 0
Commercial Construction Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]    
Modified 8,244  
Commercial Construction Portfolio Segment [Member] | Financial Asset, 30 to 89 Days Past Due [Member]    
Modified 0  
Commercial Construction Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Modified 0  
Residential Portfolio Segment [Member]    
Modified 0 1,413
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]    
Modified 0  
Modified   1,413
Residential Portfolio Segment [Member] | Financial Asset, 30 to 89 Days Past Due [Member]    
Modified 0  
Modified  
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Modified 0  
Modified  
Consumer Portfolio Segment [Member]    
Modified 0 $ 0
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]    
Modified 0  
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 89 Days Past Due [Member]    
Modified 0  
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Modified $ 0  
v3.25.4
Note 5 - Loans and the Allowance for Credit Losses - Rollforward of Allowance for Credit Losses for Unfunded Commitments (Details) - Unfunded Loan Commitment [Member] - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Balance at beginning of period $ 2,627 $ 2,811
Provision for (reversal of) allowance for credit losses – unfunded commitments 481 (184)
Balance at end of period $ 3,108 $ 2,627
v3.25.4
Note 5 - Loans and the Allowance for Credit Losses - Summary of (Reversal of) Provision for Credit Losses (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Provision for credit losses – loans $ 20,525 $ 13,984 $ 8,424
Initial provision related to acquisition – loans 27,307 0  
Release of marks due to improvements in expected cash flows (1,313) 0  
Provision for credit losses 47,000 13,800 $ 8,200
Unfunded Loan Commitment [Member]      
Provision for (reversal of) credit losses - unfunded commitments $ 481 $ (184)  
v3.25.4
Note 6 - Premises and Equipment (Details Textual) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Depreciation $ 6,087 $ 4,422 $ 4,503
Finance Lease, Weighted Average Remaining Lease Term (Year) 2 years 10 months 24 days    
Finance Lease, Weighted Average Discount Rate, Percent 6.00%    
Finance Lease, Cost $ 300    
Operating Lease, Liability 32,446 15,498  
Operating Lease, Right-of-Use Asset $ 29,603 $ 14,489  
Operating Lease, Weighted Average Remaining Lease Term (Year) 8 years 10 months 24 days    
Operating Lease, Weighted Average Discount Rate, Percent 3.70%    
Operating Lease, Cost $ 5,200    
v3.25.4
Note 6 - Premises and Equipment - Property, Plant and Equipment (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Property, Plant and Equipment, Gross $ 105,448 $ 75,367
Less: accumulated depreciation, amortization and fair value adjustments 50,163 46,920
Bank premises and equipment, net 55,285 28,447
Land [Member]    
Property, Plant and Equipment, Gross 14,256 5,253
Building [Member]    
Property, Plant and Equipment, Gross $ 22,868 11,043
Building [Member] | Minimum [Member]    
Estimated useful life (Year) 10 years  
Building [Member] | Maximum [Member]    
Estimated useful life (Year) 25 years  
Furniture and Fixtures [Member]    
Property, Plant and Equipment, Gross $ 37,878 30,746
Furniture and Fixtures [Member] | Minimum [Member]    
Estimated useful life (Year) 3 years  
Furniture and Fixtures [Member] | Maximum [Member]    
Estimated useful life (Year) 7 years  
Leasehold Improvements [Member]    
Property, Plant and Equipment, Gross $ 30,446 $ 28,325
Leasehold Improvements [Member] | Minimum [Member]    
Estimated useful life (Year) 10 years  
Leasehold Improvements [Member] | Maximum [Member]    
Estimated useful life (Year) 20 years  
v3.25.4
Note 6 - Premises and Equipment - Schedule of Capital Lease in Premises and Equipment (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Finance lease $ 3,423 $ 3,423
Less: accumulated amortization 2,909 2,738
Capital Lease in Premises and Equipment, Net $ 514 $ 685
v3.25.4
Note 6 - Premises and Equipment - Schedule of Future Minimum Lease Payments for Finance Leases (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
2026 $ 353
2027 353
2028 323
2029 0
Thereafter 0
Total minimum lease payments 1,029
Less amount representing interest 83
Present value of net minimum lease payments $ 946
v3.25.4
Note 6 - Premises and Equipment - Schedule of Future Minimum Lease Payments for Finance Leases (Details) (Parentheticals)
Dec. 31, 2025
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration] Other Liabilities
v3.25.4
Note 6 - Premises and Equipment - Schedule of Future Minimum Rental Payments for Operating Leases (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Less than 1 year $ 5,870  
1 year through less than 2 years 5,225  
2 years through less than 3 years 4,499  
3 years through less than 4 years 3,187  
4 years through 5 years 2,805  
After 5 years 15,880  
Total undiscounted cash flows 37,466  
Impact of discounting (5,020)  
Operating lease liabilities $ 32,446 $ 15,498
v3.25.4
Note 7 - Goodwill and Other Intangible Assets (Details Textual) - USD ($)
$ in Thousands
 6 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2025
Dec. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Amortization of Intangible Assets     $ 7,922 $ 1,235 $ 1,438
Core Deposits [Member]          
Amortization of Intangible Assets       $ 5,300  
First of Long Island Corporation [Member]          
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Tax Asset, True-up $ (5,000)        
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Deferred Tax Assets, Blended Tax Rate $ 1,300        
Effective Income Tax Rate Reconciliation, Blended Tax Rate, Percent 30.90% 30.90%      
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Valuation Allowance $ 10,900        
v3.25.4
Note 7 - Goodwill and Other Intangible Assets - Schedule of Change in Goodwill (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 01, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Balance   $ 208,372 $ 208,372  
Acquired goodwill   7,239 0  
Measurement period adjustments $ 4,624   0  
Impairment   0 0 $ 0
Balance   $ 220,235 $ 208,372 $ 208,372
v3.25.4
Note 7 - Goodwill and Other Intangible Assets - Intangible Assets (Details) - Core Deposits [Member] - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Finite-Lived Intangible Assets, Gross $ 76,413 $ 13,207
Finite-Lived Intangible Assets, Accumulated Amortization (16,490) (8,568)
Core deposit intangibles $ 59,923 $ 4,639
v3.25.4
Note 7 - Goodwill and Other Intangible Assets - Estimated Amortization Expense (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
2026 $ 11,382
2027 9,491
2028 8,171
2029 6,829
2030 $ 5,565
v3.25.4
Note 8 - Deposits (Details Textual) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Time Deposits $ 2,796,877 $ 2,600,000
Deposits Received for Securities Loaned, at Carrying Value 868,700 907,200
Time Deposit Liability, above US Insurance Limit $ 948,900 $ 731,000
v3.25.4
Note 8 - Deposits - Schedule of Time Deposits (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
2026 $ 2,571,266  
2027 186,587  
2028 32,858  
2029 4,171  
2030 2,997  
After 7  
Time deposits (before discount) 2,797,886  
Fair value discount (1,009)  
Total time deposits (after discount) $ 2,796,877 $ 2,600,000
v3.25.4
Note 9 - FHLB Borrowings (Details Textual)
$ in Billions
Dec. 31, 2025
USD ($)
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged $ 3.9
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds $ 2.0
v3.25.4
Note 9 - FHLB Borrowings - FHLB Borrowings and Weighted Average Interest Rates (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Less than 1 year, amount $ 878,050 $ 660,529
Less than 1 year, rate 3.96% 4.51%
1 year through less than 2 years, amount $ 226 $ 2,050
1 year through less than 2 years, rate 2.85% 2.23%
2 years through less than 3 years, amount $ 25,000 $ 260
2 years through less than 3 years 4.18% 2.85%
3 years through less than 4 years, amount $ 0 $ 25,000
3 years through less than 4 years 0.00% 4.18%
4 years through 5 years, amount $ 0 $ 0
4 years through 5 years, rate 0.00% 0.00%
After 5 years, amount $ 227 $ 261
After 5 years, rate 2.96% 2.96%
FHLB borrowings (before discount), amount $ 903,503 $ 688,100
FHLB borrowings (before discount), rate 3.97% 4.49%
Fair value discount, amount $ (14) $ (36)
FHLB borrowings (after discount), amount $ 903,489 $ 688,064
v3.25.4
Note 10 - Subordinated Debentures (Details Textual) - USD ($)
 1 Months Ended 12 Months Ended
May 15, 2025
Jul. 03, 2023
Jun. 10, 2020
Jan. 11, 2018
Dec. 31, 2003
Dec. 31, 2025
Dec. 31, 2024
Dec. 19, 2003
Subordinated Debt [Member] | The 2025 Notes [Member]                
Debt Instrument, Face Amount $ 200,000,000              
Debt Instrument, Interest Rate, Stated Percentage 8.125%              
Subordinated Debt [Member] | The 2020 Notes [Member]                
Debt Instrument, Face Amount     $ 75,000,000          
Subordinated Debt [Member] | The Notes [Member]                
Debt Instrument, Face Amount       $ 75,000,000        
Subordinated Debt [Member] | LIBOR - London Interbank Offered Rate [Member] | The Notes [Member]                
Debt Instrument, Basis Spread on Variable Rate       2.84%        
Subordinated Debt [Member] | Secured Overnight Financing Rate (SOFR) [Member] | The 2025 Notes [Member]                
Debt Instrument, Basis Spread on Variable Rate 4.415%              
Subordinated Debt [Member] | Secured Overnight Financing Rate (SOFR) [Member] | The 2020 Notes [Member]                
Debt Instrument, Basis Spread on Variable Rate     5.605%          
Center Bancorp Statutory Trust II [Member]                
Debt Instrument, Face Amount             $ 5,000,000  
Center Bancorp Statutory Trust II [Member] | Subordinated Debt [Member]                
Debt Instrument, Face Amount           $ 5,000,000 $ 5,000,000 $ 5,000,000
Proceeds from Issuance of Debt         $ 5,200,000      
Debt Instrument, Interest Rate, Effective Percentage           6.95%    
Center Bancorp Statutory Trust II [Member] | Subordinated Debt [Member] | LIBOR - London Interbank Offered Rate [Member]                
Debt Instrument, Basis Spread on Variable Rate         2.85%      
Center Bancorp Statutory Trust II [Member] | Subordinated Debt [Member] | Secured Overnight Financing Rate (SOFR) [Member]                
Debt Instrument, Basis Spread on Variable Rate   2.85%       2.85% 2.85%  
Center Bancorp Statutory Trust II [Member] | Subordinated Debt [Member] | Tenor Spread Adjustment [Member]                
Debt Instrument, Basis Spread on Variable Rate   0.26161%       0.26161% 0.26161%  
v3.25.4
Note 10 - Subordinated Debentures - Summary of Mandatory Redeemable Trust Preferred Securities (Details) - USD ($)
 12 Months Ended
Jul. 03, 2023
Dec. 31, 2025
Dec. 31, 2024
Dec. 19, 2003
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]   Secured Overnight Financing Rate (SOFR) [Member] Secured Overnight Financing Rate (SOFR) [Member]  
Center Bancorp Statutory Trust II [Member]        
Securities issued     $ 5,000,000  
Subordinated Debt [Member] | Center Bancorp Statutory Trust II [Member]        
Securities issued   $ 5,000,000 $ 5,000,000 $ 5,000,000
Liquidation value (in dollars per share)   $ 1,000 $ 1,000  
Maturity   Jan. 23, 2034 Jan. 23, 2034  
Redeemable by issuer beginning   Jan. 23, 2009 Jan. 23, 2009  
Subordinated Debt [Member] | Center Bancorp Statutory Trust II [Member] | Tenor Spread Adjustment [Member]        
Coupon rate 0.26161% 0.26161% 0.26161%  
Subordinated Debt [Member] | Center Bancorp Statutory Trust II [Member] | Secured Overnight Financing Rate (SOFR) [Member]        
Coupon rate 2.85% 2.85% 2.85%  
v3.25.4
Note 11 - Income Taxes (Details Textual)
$ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
Taxes, Recognized Built-in Losses $ 26.5
Tax Carryforwards, Federal 162J Carryforwards 24.9
Tax Utilization Limits Under Section 382 $ 9.7
Domestic Tax Jurisdiction [Member]  
Open Tax Year 2022 2023 2024 2025
State and Local Jurisdiction [Member]  
Open Tax Year 2021 2022 2023 2024 2025
State and Local Jurisdiction [Member] | New Jersey Division of Taxation [Member]  
Operating Loss Carryforwards, Subject to Expiration $ 134.0
v3.25.4
Note 11 - Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Pretax income $ 53,369 $ 57,253 $ (25,281) $ 27,402 $ 26,457 $ 23,183 $ 25,744 $ 23,083 $ 112,743 $ 98,467 $ 116,958
Current:                      
Federal, current                 18,512 15,556 16,185
State and Local                 16,560 11,158 9,635
Subtotal, current                 35,072 26,714 25,820
Deferred:                      
Federal, deferred                 (2,024) 258 2,903
State and Local, deferred                 (748) (2,298) 1,232
Subtotal, deferred                 (2,772) (2,040) 4,135
Income tax expense $ 13,851 $ 16,277 $ (4,988) $ 7,160 $ 6,086 $ 6,022 $ 6,688 $ 5,878 $ 32,300 $ 24,674 $ 29,955
v3.25.4
Note 11 - Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
US Federal tax at statutory rate, amount                 $ 23,676 $ 20,678 $ 24,561
US Federal tax at statutory rate, rate                 21.00% 21.00% 21.00%
State and Local tax, net of federal tax benefit                 $ 12,492 $ 6,514 $ 9,404
State and Local tax, net of federal tax benefit, rate                 11.10%    
Tax-exempt interest and dividends, amount                 $ (3,207) (2,632) (2,514)
Tax-exempt interest and dividends, rate                 (2.80%)    
Bank owned life insurance, amount                 $ (1,936) (1,500) (1,326)
Bank owned life insurance, rate                 (1.70%)    
162M adjustment, amount                 $ 576 469 779
162M adjustment, rate                 0.50%    
Tax benefits from stock-based compensation, amount                 $ 129    
Tax benefits from stock-based compensation, rate                 0.10%    
Merger expenses, amount                 $ 1,682    
Merger expenses, rate                 1.40%    
Other, net, amount                 $ (1,112)    
Other, net, rate                 (1.00%)    
Income tax expense $ 13,851 $ 16,277 $ (4,988) $ 7,160 $ 6,086 $ 6,022 $ 6,688 $ 5,878 $ 32,300 24,674 29,955
Income tax expense, rate                 28.60%    
Pretax income $ 53,369 $ 57,253 $ (25,281) $ 27,402 $ 26,457 $ 23,183 $ 25,744 $ 23,083 $ 112,743 98,467 116,958
Tax benefits from stock-based compensation                   109 (66)
Other, net                   $ 1,036 $ (883)
v3.25.4
Note 11 - Income Taxes - Income Taxes Paid (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
Total $ 43,515
Internal Revenue Service (IRS) [Member]  
Federal 18,752
New Jersey Division of Taxation [Member]  
State and Local 16,681
New York State Division of Taxation and Finance [Member]  
State and Local 6,723
Connecticut Department of Revenue Services [Member]  
State and Local 1,169
Florida Department of Revenue [Member]  
State and Local $ 190
v3.25.4
Note 11 - Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets    
Allowance for credit losses $ 44,656 $ 24,891
Depreciation 822 6
Pension actuarial losses 0 272
State net operating losses 10,807 2,683
Deferred compensation 7,765 4,919
Purchase accounting 37,400 0
Unrealized losses on available-for-sale securities 38,890 25,959
Deferred loan costs, net of fees 4,321 1,608
Finance lease 134 163
Nonaccrual interest 373 275
Operating lease liability 10,431 4,671
Interest Expense Disallowance 5,239 0
Other 2,090 1,519
Total deferred tax assets 162,928 66,966
Deferred tax liabilities    
Employee benefit plans (7,709) (2,515)
Pension actuarial losses (380) 0
Purchase accounting 0 (1,599)
Prepaid expenses (2,213) (1,551)
Unrealized gains on derivatives (3,802) (8,790)
Right of use asset (9,138) (4,304)
Other (2,008) (1,240)
Total deferred tax liabilities (25,250) (19,999)
Net deferred tax assets before valuation allowance 137,678 46,967
Valuation allowance (10,947) 0
Net deferred tax assets $ 126,731 $ 46,967
v3.25.4
Note 12 - Preferred Stock (Details Textual)
$ / shares in Thousands
 12 Months Ended
Sep. 01, 2026
Aug. 19, 2021
USD ($)
$ / shares
shares
Dec. 31, 2025
USD ($)
$ / shares
shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
shares
Stock Issued During Period, Shares, New Issues (in shares) | shares     1,328 1,533 995
Stock Issued During Period, Value, New Issues     $ 0 $ 0 $ 0
Preferred Stock, No Par Value (in dollars per share) | $ / shares     $ 0 $ 0  
Series A Preferred Stock [Member]          
Preferred Stock, Dividend Rate, Percentage   5.25%      
Preferred Stock, No Par Value (in dollars per share) | $ / shares   $ 0      
Preferred Stock, Liquidation Preference, Value   $ 1,000      
Series A Preferred Stock [Member] | Forecast [Member]          
Preferred Stock, Dividend Rate, Percentage 4.42%        
Series A Preferred Stock [Member] | Underwritten Public Offering [Member]          
Stock Issued During Period, Shares, New Issues (in shares) | shares   115,000      
Stock Issued During Period, Value, New Issues   $ 115,000,000      
Depositary Shares, Interest in Preferred Stock   0.025      
Proceeds from Issuance of Preferred Stock and Preference Stock   $ 110,900,000      
v3.25.4
Note 13 - Commitments, Contingencies and Concentrations of Credit Risk - Summary of Off-balance Sheet Risk (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Fixed Income Interest Rate [Member]    
Off-balance sheet risk $ 124,378 $ 125,416
Variable Income Interest Rate [Member]    
Off-balance sheet risk 1,384,374 1,052,226
Commitments to Extend Credit [Member] | Fixed Income Interest Rate [Member]    
Off-balance sheet risk 101,841 100,430
Commitments to Extend Credit [Member] | Variable Income Interest Rate [Member]    
Off-balance sheet risk 997,861 647,652
Home Equity Line of Credit [Member] | Fixed Income Interest Rate [Member]    
Off-balance sheet risk 33 17
Home Equity Line of Credit [Member] | Variable Income Interest Rate [Member]    
Off-balance sheet risk 91,069 41,349
Outstanding Commercial Mortgage Loan Commitments [Member] | Fixed Income Interest Rate [Member]    
Off-balance sheet risk 20,708 24,139
Outstanding Commercial Mortgage Loan Commitments [Member] | Variable Income Interest Rate [Member]    
Off-balance sheet risk 273,143 321,771
Standby Letters of Credit [Member] | Fixed Income Interest Rate [Member]    
Off-balance sheet risk 152 190
Standby Letters of Credit [Member] | Variable Income Interest Rate [Member]    
Off-balance sheet risk 21,203 41,276
Overdraft Protection Lines [Member] | Fixed Income Interest Rate [Member]    
Off-balance sheet risk 1,644 640
Overdraft Protection Lines [Member] | Variable Income Interest Rate [Member]    
Off-balance sheet risk $ 1,098 $ 178
v3.25.4
Note 14 - Transactions with Executive Officers, Directors and Principle Stockholders (Details Textual) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Principal Officers, Directors, and Their Affiliates [Member] | Deposits [Member]    
Related Party Transaction, Amounts of Transaction $ 70.2 $ 51.9
Related Party [Member]    
Operating Lease, Expense 0.8 0.8
Advertising and Public Relations Agency Which Director Serves as President, CEO and Principal Owner [Member] | Fees Paid [Member]    
Related Party Transaction, Amounts of Transaction $ 0.4 $ 0.3
v3.25.4
Note 14 - Transactions with Executive Officers, Directors and Principle Stockholders - Schedule of Related Party Transactions (Details) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Balance, January 1 $ 23,364 $ 20,323
Originations and drawdowns 13,440 7,907
Repayments (6,004) (4,866)
Balance, December 31 $ 30,800 $ 23,364
v3.25.4
Note 15 - Stockholders' Equity and Regulatory Requirements (Details Textual)
Dec. 31, 2025
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets, Percentage 2.72%
Total Risk Based Capital Ratio 2.83%
v3.25.4
Note 15 - Stockholders' Equity and Regulatory Requirements - Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Parent Company [Member]    
Leverage (Tier 1) capital $ 1,319,186 $ 1,079,011
Leverage (Tier 1) capital, ratio 0.0961 0.1133
Leverage (Tier 1) capital, capital adequacy $ 548,909 $ 380,796
Leverage (Tier 1) capital, capital adequacy, ratio 0.04 0.04
CET one risk based capital $ 1,203,104 $ 962,929
CET one risk based capital, ratio 0.1024 0.1097
CET one risk based capital, capital adequacy $ 528,946 $ 395,075
CET one risk based capital, capital adequacy, ratio 0.045 0.045
Tier 1, risk based capital $ 1,319,186 $ 1,079,011
Tier 1, risk based capital, ratio 0.1122 0.1229
Tier 1, risk based capital, capital adequacy $ 705,262 $ 526,767
Tier 1, risk based capital, capital adequacy, ratio 0.06 0.06
Total capital $ 1,631,285 $ 1,239,111
Total capital, ratio 0.1388 0.1411
Total capital, capital adequacy $ 940,349 $ 702,356
Total capital, capital adequacy, ratio 0.08 0.08
Union Center National Bank [Member]    
Leverage (Tier 1) capital $ 1,452,592 $ 1,109,149
Leverage (Tier 1) capital, ratio 0.1059 0.1166
Leverage (Tier 1) capital, capital adequacy $ 548,523 $ 380,444
Leverage (Tier 1) capital, capital adequacy, ratio 0.04 0.04
Leverage (Tier 1) capital, well capitalized $ 685,654 $ 475,555
Leverage (Tier 1) capital, well capitalized, ratio 0.05 0.05
CET one risk based capital $ 1,452,592 $ 1,109,149
CET one risk based capital, ratio 0.1236 0.1263
CET one risk based capital, capital adequacy $ 528,883 $ 395,068
CET one risk based capital, capital adequacy, ratio 0.045 0.045
CET one risk based capital, well capitalized $ 763,943 $ 570,654
CET one risk based capital, well capitalized, ratio 0.065 0.065
Tier 1, risk based capital $ 1,452,592 $ 1,109,149
Tier 1, risk based capital, ratio 0.1236 0.1263
Tier 1, risk based capital, capital adequacy $ 705,178 $ 526,757
Tier 1, risk based capital, capital adequacy, ratio 0.06 0.06
Tier 1, risk based capital, well capitalized $ 940,237 $ 702,343
Tier 1, risk based capital, well capitalized, ratio 0.08 0.08
Total capital $ 1,566,670 $ 1,194,249
Total capital, ratio 0.1333 0.136
Total capital, capital adequacy $ 940,237 $ 702,343
Total capital, capital adequacy, ratio 0.08 0.08
Total capital, well capitalized $ 1,175,296 $ 877,929
Total capital, well capitalized, ratio 0.10 0.10
v3.25.4
Note 16 - Comprehensive Income - Reclassification out of Accumulated Other Comprehensive (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net interest income on derivatives $ 79,745 $ 85,692 $ 67,147 $ 59,033 $ 63,322 $ 69,355 $ 68,568 $ 69,307      
Income tax expense 13,851 16,277 (4,988) 7,160 6,086 6,022 6,688 5,878 $ 32,300 $ 24,674 $ 29,955
Net income $ 39,518 $ 40,976 $ (20,293) $ 20,242 $ 20,371 $ 17,161 $ 19,056 $ 17,205 80,443 73,793 87,003
Salaries and employee benefits                 111,423 90,053 88,223
Reclassification out of Accumulated Other Comprehensive Income [Member]                      
Net income                 11,903 15,522 13,937
Reclassification out of Accumulated Other Comprehensive Income [Member] | AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]                      
Net interest income on derivatives                 17,219 21,762 20,230
Income tax expense                 (5,316) (6,117) (6,086)
Net income                 11,903 15,645 14,144
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]                      
Income tax expense                 0 48 89
Net income                 0 (123) (207)
Salaries and employee benefits                 $ 0 $ (171) $ (296)
v3.25.4
Note 16 - Comprehensive Income - Accumulated Other Comprehensive (Loss) Income (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Balance $ 1,573,340 $ 1,241,704 $ 1,216,620 $ 1,178,751
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]        
Balance (40,652) (69,632)    
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]        
Balance 7,904 22,481    
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]        
Balance 852 (695)    
AOCI Attributable to Parent [Member]        
Balance $ (31,896) $ (47,846) $ (35,109) $ (32,364)
v3.25.4
Note 17 - Pension and Other Benefits (Details Textual)
$ in Thousands
 3 Months Ended 7 Months Ended 12 Months Ended
Sep. 30, 2025
USD ($)
Jun. 01, 2025
USD ($)
Sep. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2018
Dec. 31, 2014
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Curtailment         $ (3,501) $ (0) $ (0)    
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax         1,547 1,448 865    
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay   2.00%              
The 401(k) Plan [Member]                  
Defined Contribution Plan, Employer Matching Contribution, Percent of Match               100.00% 50.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay               5.00% 6.00%
Defined Benefit Plan, Plan Assets, Contributions by Employer         3,100 2,800 2,600    
Pension Plan [Member]                  
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year       $ 0 0        
Pension Plan [Member] | Legacy CNOB Plan [Member]                  
Defined Benefit Plan, Funded (Unfunded) Status of Plan       $ 8,897 $ 8,897 $ 7,499      
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate       5.17% 5.17% 5.38%      
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax         $ 600        
Pension Plan [Member] | Legacy FLIC Plan [Member]                  
Defined Benefit Plan, Funded (Unfunded) Status of Plan       $ 16,014 $ 16,014        
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate   5.58%   5.58% 5.58%        
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Curtailment       $ 3,501          
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax         $ 1,100        
Pension Plan [Member] | Fixed Income Funds [Member] | Maximum [Member] | Standard & Poor's, BBB Rating [Member]                  
Defined Benefit Plan, Plan Assets, Investment within Plan Asset Category, Percentage       5.00% 5.00%        
Pension Plan [Member] | Fixed Income Funds [Member] | Moody's, Baa1 Rating [Member] | Maximum [Member]                  
Defined Benefit Plan, Plan Assets, Investment within Plan Asset Category, Percentage       5.00% 5.00%        
Pension Plan [Member] | Single Investment Security, Excluding Fixed Income Investments [Member] | Maximum [Member]                  
Defined Benefit Plan, Plan Assets, Investment within Plan Asset Category, Percentage       5.00% 5.00%        
Pension Plan [Member] | Mutual Fund [Member] | Maximum [Member]                  
Defined Benefit Plan, Plan Assets, Investment within Plan Asset Category, Percentage       10.00% 10.00%        
Pension Plan [Member] | First of Long Island Corporation [Member]                  
Defined Benefit Plan, Funded (Unfunded) Status of Plan   $ 11,200              
Defined Benefit Plan, Minimum Age of Employee   21              
Defined Benefit Plan, Minimum Service (Month)   12 months              
Defined Benefit Plan, Employer Matching Contribution, Percent of Employees' Gross Pay   2.00%              
Defined Benefit Plan, Employers Matching Contribution, Vesting Period (Year)   4 years              
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate 5.41%   5.41%            
Defined Benefit Plan, Benefit Obligation, Period Increase (Decrease) $ 2,000                
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Curtailment     $ (3,500)            
Defined Benefit Plan, Funded Percentage 134.00%   134.00%            
Supplemental Employee Retirement Plan [Member]                  
Pension Cost (Reversal of Cost)         $ 500 $ 1,200 $ 400    
v3.25.4
Note 17 - Pension and Other Benefits - Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets (Details) - Pension Plan [Member]
 12 Months Ended
Jun. 01, 2025
Dec. 31, 2026
Dec. 31, 2025
Dec. 31, 2024
Legacy FLIC Plan [Member]        
Discount rate 5.58%   5.58%  
Discount rate 5.80%   5.80%  
Rate of increase in compensation levels 4.00%   4.00%  
Expected long-term rate of return on plan assets 6.00%   6.00%  
Legacy CNOB Plan [Member]        
Discount rate     5.17% 5.38%
Discount rate     5.38% 4.72%
Expected long-term rate of return on plan assets     6.00% 6.00%
Legacy CNOB Plan [Member] | Forecast [Member]        
Discount rate   5.17%    
Expected long-term rate of return on plan assets   6.00%    
v3.25.4
Note 17 - Pension and Other Benefits - Schedule of Allocation of Plan Assets (Details) - Pension Plan [Member]
 12 Months Ended
Jun. 01, 2025
Dec. 31, 2025
Dec. 31, 2024
Legacy FLIC Plan [Member]      
Target Allocation   100.00%  
Actual Allocation 100.00% 100.00%  
Weighted average expected return 6.00% 6.00%  
Legacy FLIC Plan [Member] | Weighted Average [Member]      
Weighted average expected return 5.05% 5.10%  
Legacy FLIC Plan [Member] | Defined Benefit Plan, Cash and Cash Equivalents [Member]      
Target Allocation 0.00% 0.00%  
Actual Allocation 0.00% 0.00%  
Legacy FLIC Plan [Member] | Mutual Fund [Member]      
Target Allocation 25.00% 25.00%  
Actual Allocation 26.00% 26.00%  
Legacy FLIC Plan [Member] | Mutual Fund [Member] | Weighted Average [Member]      
Weighted average expected return 10.60% 10.60%  
Legacy FLIC Plan [Member] | Fixed Income Funds [Member]      
Target Allocation 75.00% 75.00%  
Actual Allocation 74.00% 74.00%  
Legacy FLIC Plan [Member] | Fixed Income Funds [Member] | Weighted Average [Member]      
Weighted average expected return 3.20% 3.20%  
Legacy CNOB Plan [Member]      
Target Allocation   100.00%  
Actual Allocation   100.00% 100.00%
Weighted average expected return   6.00% 6.00%
Legacy CNOB Plan [Member] | Weighted Average [Member]      
Weighted average expected return   6.00%  
Legacy CNOB Plan [Member] | Defined Benefit Plan, Equity Securities, US [Member]      
Target Allocation   56.00%  
Actual Allocation   60.00% 70.00%
Legacy CNOB Plan [Member] | Defined Benefit Plan, Equity Securities, US [Member] | Weighted Average [Member]      
Weighted average expected return   4.20%  
Legacy CNOB Plan [Member] | Defined Benefit Plan, Equity Securities, Non-US [Member]      
Target Allocation   2.00%  
Actual Allocation   2.00% 3.00%
Legacy CNOB Plan [Member] | Defined Benefit Plan, Equity Securities, Non-US [Member] | Weighted Average [Member]      
Weighted average expected return   0.10%  
Legacy CNOB Plan [Member] | Debt And/Or Fixed Income Securities [Member]      
Target Allocation   42.00%  
Actual Allocation   37.00% 24.00%
Legacy CNOB Plan [Member] | Debt And/Or Fixed Income Securities [Member] | Weighted Average [Member]      
Weighted average expected return   1.70%  
Legacy CNOB Plan [Member] | Cash and Other Alternative Investments [Member]      
Target Allocation   0.00%  
Actual Allocation   2.00% 3.00%
Legacy CNOB Plan [Member] | Cash and Other Alternative Investments [Member] | Weighted Average [Member]      
Weighted average expected return   0.00%  
v3.25.4
Note 17 - Pension and Other Benefits - Schedule of Changes in Projected Benefit Obligations (Details) - USD ($)
$ in Thousands
 7 Months Ended 12 Months Ended
Dec. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Effect of curtailment   $ 3,501 $ 0 $ 0
Pension Plan [Member] | Legacy FLIC Plan [Member]        
Projected benefit obligation $ 48,126      
Interest cost 1,511 1,511    
Benefits paid (1,920)      
Projected benefit obligation 46,528 46,528    
Fair value of plan assets 59,300      
Actual return on plan assets 5,087      
Benefits paid (1,886)      
Fair value of plan assets 62,542 62,542    
Funded status 16,014 16,014    
Service cost 514 514    
Contributions 117      
Assumption changes 1,681      
Effect of curtailment (3,501)      
Contributions 41      
Pension Plan [Member] | Legacy CNOB Plan [Member]        
Projected benefit obligation   8,205 9,335  
Interest cost   422 424 440
Actuarial loss (gain)   52 (433)  
Benefits paid   (1,354) (1,121)  
Projected benefit obligation 7,325 7,325 8,205 9,335
Fair value of plan assets   15,704 14,614  
Actual return on plan assets   1,872 2,211  
Benefits paid   (1,354) (1,121)  
Fair value of plan assets 16,222 16,222 15,704 $ 14,614
Funded status $ 8,897 $ 8,897 $ 7,499  
v3.25.4
Note 17 - Pension and Other Benefits - Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized (Details) - Pension Plan [Member] - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Legacy CNOB Plan [Member]    
Net actuarial loss recognized in accumulated other comprehensive income (pre-tax) $ 62 $ 967
Legacy FLIC Plan [Member]    
Net actuarial loss recognized in accumulated other comprehensive income (pre-tax) $ 1,294  
v3.25.4
Note 17 - Pension and Other Benefits - Schedule of Net Benefit Costs (Details) - Pension Plan [Member] - USD ($)
$ in Thousands
 7 Months Ended 12 Months Ended
Dec. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Legacy CNOB Plan [Member]        
Interest cost   $ 422 $ 424 $ 440
Expected return on plan assets   (921) (856) (838)
Net amortization   0 171 296
Settlement loss   6 55 0
Total net periodic pension income   (493) (206) (102)
Actuarial gain   (899) (1,788) (941)
Net amortization included in net income   0 (171) (296)
Settlement loss included in net income   (6) (55) 0
Total changes recognized in other comprehensive income   (905) (2,014) (1,237)
Total recognized in net periodic pension income and other comprehensive income   (1,398) $ (2,220) $ (1,339)
Legacy FLIC Plan [Member]        
Interest cost $ 1,511 1,511    
Expected return on plan assets   (2,070)    
Total recognized in net periodic pension income and other comprehensive income   (3,546)    
Service Cost $ 514 514    
Effect of Curtailment   $ (3,501)    
v3.25.4
Note 17 - Pension and Other Benefits - Schedule of Changes in Fair Value of Plan Assets (Details) - Pension Plan [Member] - USD ($)
$ in Thousands
Dec. 31, 2025
Jun. 01, 2025
Dec. 31, 2024
Dec. 31, 2023
Legacy CNOB Plan [Member]        
Fair value $ 16,222   $ 15,704 $ 14,614
Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 1 [Member]        
Fair value 16,222   15,704  
Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 2 [Member]        
Fair value 0   0  
Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 3 [Member]        
Fair value 0   0  
Legacy FLIC Plan [Member]        
Fair value 62,542 $ 59,300    
Legacy FLIC Plan [Member] | Fair Value, Inputs, Level 1 [Member]        
Fair value 16,209      
Legacy FLIC Plan [Member] | Fair Value, Inputs, Level 2 [Member]        
Fair value 46,333      
Legacy FLIC Plan [Member] | Fair Value, Inputs, Level 3 [Member]        
Fair value 0      
Defined Benefit Plan, Cash [Member] | Legacy CNOB Plan [Member]        
Fair value 260   393  
Defined Benefit Plan, Cash [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 1 [Member]        
Fair value 260   393  
Defined Benefit Plan, Cash [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 2 [Member]        
Fair value 0   0  
Defined Benefit Plan, Cash [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 3 [Member]        
Fair value 0   0  
Defined Benefit Plan, Cash [Member] | Legacy FLIC Plan [Member]        
Fair value 0      
Defined Benefit Plan, Cash [Member] | Legacy FLIC Plan [Member] | Fair Value, Inputs, Level 1 [Member]        
Fair value 0      
Defined Benefit Plan, Cash [Member] | Legacy FLIC Plan [Member] | Fair Value, Inputs, Level 2 [Member]        
Fair value 0      
Defined Benefit Plan, Cash [Member] | Legacy FLIC Plan [Member] | Fair Value, Inputs, Level 3 [Member]        
Fair value 0      
Defined Benefit Plan, Equity Securities, US [Member] | Legacy CNOB Plan [Member]        
Fair value 9,701   10,952  
Defined Benefit Plan, Equity Securities, US [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 1 [Member]        
Fair value 9,701   10,952  
Defined Benefit Plan, Equity Securities, US [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 2 [Member]        
Fair value 0   0  
Defined Benefit Plan, Equity Securities, US [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 3 [Member]        
Fair value 0   0  
Defined Benefit Plan, Equity Securities, US [Member] | Legacy FLIC Plan [Member]        
Fair value 10,316      
Defined Benefit Plan, Equity Securities, US [Member] | Legacy FLIC Plan [Member] | Fair Value, Inputs, Level 1 [Member]        
Fair value 10,316      
Defined Benefit Plan, Equity Securities, US [Member] | Legacy FLIC Plan [Member] | Fair Value, Inputs, Level 2 [Member]        
Fair value 0      
Defined Benefit Plan, Equity Securities, US [Member] | Legacy FLIC Plan [Member] | Fair Value, Inputs, Level 3 [Member]        
Fair value 0      
Defined Benefit Plan, Equity Securities, Non-US [Member] | Legacy CNOB Plan [Member]        
Fair value 274   475  
Defined Benefit Plan, Equity Securities, Non-US [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 1 [Member]        
Fair value 274   475  
Defined Benefit Plan, Equity Securities, Non-US [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 2 [Member]        
Fair value 0   0  
Defined Benefit Plan, Equity Securities, Non-US [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 3 [Member]        
Fair value 0   0  
Defined Benefit Plan, Equity Securities, Non-US [Member] | Legacy FLIC Plan [Member]        
Fair value 5,893      
Defined Benefit Plan, Equity Securities, Non-US [Member] | Legacy FLIC Plan [Member] | Fair Value, Inputs, Level 1 [Member]        
Fair value 5,893      
Defined Benefit Plan, Equity Securities, Non-US [Member] | Legacy FLIC Plan [Member] | Fair Value, Inputs, Level 2 [Member]        
Fair value 0      
Defined Benefit Plan, Equity Securities, Non-US [Member] | Legacy FLIC Plan [Member] | Fair Value, Inputs, Level 3 [Member]        
Fair value 0      
Cash and Other Alternative Investments [Member] | Legacy CNOB Plan [Member]        
Fair value 5,945   3,807  
Cash and Other Alternative Investments [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 1 [Member]        
Fair value 5,945   3,807  
Cash and Other Alternative Investments [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 2 [Member]        
Fair value 0   0  
Cash and Other Alternative Investments [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 3 [Member]        
Fair value 0   0  
Cash and Other Alternative Investments [Member] | Legacy FLIC Plan [Member]        
Fair value 46,333      
Cash and Other Alternative Investments [Member] | Legacy FLIC Plan [Member] | Fair Value, Inputs, Level 1 [Member]        
Fair value 0      
Cash and Other Alternative Investments [Member] | Legacy FLIC Plan [Member] | Fair Value, Inputs, Level 2 [Member]        
Fair value 46,333      
Cash and Other Alternative Investments [Member] | Legacy FLIC Plan [Member] | Fair Value, Inputs, Level 3 [Member]        
Fair value 0      
Commodity Funds [Member] | Legacy CNOB Plan [Member]        
Fair value 28   52  
Commodity Funds [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 1 [Member]        
Fair value 28   52  
Commodity Funds [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 2 [Member]        
Fair value 0   0  
Commodity Funds [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 3 [Member]        
Fair value 0   0  
Employee Benefit Plan, Real Estate [Member] | Legacy CNOB Plan [Member]        
Fair value 14   25  
Employee Benefit Plan, Real Estate [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 1 [Member]        
Fair value 14   25  
Employee Benefit Plan, Real Estate [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 2 [Member]        
Fair value 0   0  
Employee Benefit Plan, Real Estate [Member] | Legacy CNOB Plan [Member] | Fair Value, Inputs, Level 3 [Member]        
Fair value $ 0   $ 0  
v3.25.4
Note 17 - Pension and Other Benefits - Schedule of Defined Benefit Plans Disclosures (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
Legacy CNOB Plan [Member]  
2026 $ 729
2027 732
2028 730
2029 715
2030 697
2031 – 2035 3,203
Legacy FLIC Plan [Member]  
2026 3,283
2027 3,258
2028 3,346
2029 3,360
2030 3,400
2031 – 2035 $ 17,325
v3.25.4
Note 18 - Stock Based Compensation (Details Textual) - USD ($)
$ in Millions
 12 Months Ended
May 23, 2017
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares)   0 0  
Share-Based Payment Arrangement, Expense   $ 4.6 $ 4.6 $ 4.9
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture (in shares)       36,006
Performance Shares [Member]        
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount   $ 2.0    
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)   1 year 8 months 12 days    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Expected toVested (in shares)   216,151    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Expected to Vest, Performance Obligations Exceeded (in shares)   371,976    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)   43,331    
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)   23,754    
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture (in shares)   19,577 24,070 52,353
Restricted Stock [Member]        
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount   $ 0.9    
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)   1 year 1 month 6 days    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)   71,642    
Restricted Stock Units (RSUs) [Member]        
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount   $ 1.2    
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)   1 year 4 months 24 days    
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)   91,364    
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)   48,743    
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture (in shares)   42,621 37,542  
The 2017 Equity Compensation Plan [Member]        
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares) 1,200,000      
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)   169,899    
The 2017 Equity Compensation Plan [Member] | Restricted Stock, Options and Restricted Stock Units [Member]        
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) 3 years      
The 2017 Equity Compensation Plan [Member] | Restricted Stock, Options and Restricted Stock Units [Member] | Vesting Each Year [Member]        
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage 33.33%      
The 2017 Equity Compensation Plan [Member] | Performance Shares [Member]        
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year) 3 years      
v3.25.4
Note 18 - Stock Based Compensation - Activity in Restricted Shares (Details) - Restricted Stock [Member]
 12 Months Ended
Dec. 31, 2025
$ / shares
shares
Nonvested, shares (in shares) | shares 110,340
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares $ 18.26
Granted, shares (in shares) | shares 75,525
Granted, weighted average grant date fair value (in dollars per share) | $ / shares $ 23.5
Vested, shares (in shares) | shares (71,642)
Vested, weighted average grant date fair value (in dollars per share) | $ / shares $ 20.61
Forfeited, shares (in shares) | shares (3,874)
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares $ 20.4
Nonvested, shares (in shares) | shares 110,349
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares $ 20.25
v3.25.4
Note 18 - Stock Based Compensation - Summary of Unearned Performance Unit Awards (Details) - Performance Shares [Member]
 12 Months Ended
Dec. 31, 2025
$ / shares
shares
Nonvested, shares (in shares) 189,672
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares $ 21.52
Awarded, units (in shares) 88,681
Awarded, weighted average grant date fair value (in dollars per share) | $ / shares $ 24.01
Change in estimate (decrease), units (in shares) (19,616)
Change in estimate (decrease), weighted average grant date fair value (in dollars per share) | $ / shares $ 17.93
Change in estimate (increase), units (in shares) 4,197
Change in estimate (increase), weighted average grant date fair value (in dollars per share) | $ / shares $ 32.8
Vested shares, units (in shares) (43,331)
Vested shares, weighted average grant date fair value (in dollars per share) | $ / shares $ 32.8
Forfeited/cancelled/expired, units (in shares) (3,452)
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares $ 19.01
Nonvested, shares (in shares) 216,151
Unearned, units (maximum) (in shares) 371,976
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares $ 20.87
v3.25.4
Note 18 - Stock Based Compensation - Summary of Unearned Restricted Stock Units (Details) - Restricted Stock Units (RSUs) [Member]
 12 Months Ended
Dec. 31, 2025
$ / shares
shares
Nonvested, shares (in shares) | shares 181,836
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares $ 20.32
Awarded, units (in shares) | shares 80,010
Awarded, weighted average grant date fair value (in dollars per share) | $ / shares $ 24.01
Vested shares, units (in shares) | shares (91,364)
Vested shares, weighted average grant date fair value (in dollars per share) | $ / shares $ 21.35
Nonvested, shares (in shares) | shares 170,482
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares $ 21.5
v3.25.4
Note 19 - Dividends and Other Restrictions (Details Textual)
$ in Millions
Dec. 31, 2025
USD ($)
Amount Available for Dividend Distribution without Affecting Capital Adequacy Requirements $ 391.4
v3.25.4
Note 20 - Derivatives (Details Textual)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2025
USD ($)
Sep. 30, 2025
USD ($)
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Sep. 30, 2024
USD ($)
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Nov. 30, 2022
USD ($)
Oct. 01, 2022
USD ($)
Interest Income (Expense), Operating $ 106,595 $ 102,017 $ 78,883 $ 65,756 $ 64,711 $ 60,887 $ 61,439 $ 60,300 $ 353,251 $ 247,337 $ 255,106      
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]                            
Interest Income (Expense), Operating                 $ 17,200 $ 21,800 $ 20,200      
Commenced Fixed Interest Rate Swaps [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]                            
Derivative, Number of Instruments Held 13               13          
Derivative Liability, Notional Amount $ 700,000               $ 700,000          
Commenced Fixed Interest Rate Swaps [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Minimum [Member]                            
Derivative, Fixed Interest Rate 0.63%               0.63%          
Commenced Fixed Interest Rate Swaps [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Maximum [Member]                            
Derivative, Fixed Interest Rate 3.72%               3.72%          
Interest Rate Cap [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]                            
Derivative, Number of Instruments Held                           2
Derivative Liability, Notional Amount                         $ 75,000 $ 150,000
Interest Rate Cap [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Short [Member]                            
Derivative Liability, Notional Amount                       $ 225,000    
Interest Rate Cap [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Long [Member]                            
Derivative Liability, Notional Amount                       $ 225,000    
v3.25.4
Note 20 - Derivatives - Net Losses Recorded in Other Comprehensive Income (Details) - Interest Rate Swap [Member] - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Amount of gain (loss) recognized in OCI $ (2,618) $ 17,547
Derivative, amount of gain (loss) reclassified from OCI to interest income (17,219) (21,762)
Amount of gain recognized in other noninterest income $ 0 $ 0
v3.25.4
Note 20 - Derivatives - Cash Flow Hedges Included in Consolidated Statements of Condition (Details) - Interest Rate Swap [Member] - Cash Flow Hedging [Member] - Designated as Hedging Instrument [Member] - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Derivative, notional amount $ 1,150,000 $ 1,000,000
Derivative, fair value $ 15,370 $ 37,398
v3.25.4
Note 20 - Derivatives - Schedule of Non Hedging Derivatives (Details) - Not Designated as Hedging Instrument [Member]
$ in Thousands
Dec. 31, 2025
USD ($)
Interest Rate Swap with Borrower [Member]  
Positions 3
Derivative, notional amount $ 35,914
Fair value asset 229
Fair value liabilities $ 0
Interest Rate Swap With Offsetting Company [Member]  
Positions 3
Derivative, notional amount $ 35,914
Fair value asset 0
Fair value liabilities $ 229
v3.25.4
Note 21 - Fair Value Measurements and Fair Value of Financial Instruments (Details Textual) - Collateral Pledged [Member] - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Impaired Financing Receivable, with Related Allowance, Recorded Investment 1 $ 0.8 $ 4.7
Impaired Financing Receivable, Related Allowance 1 $ 0.1 $ 1.1
v3.25.4
Note 21 - Fair Value Measurements and Fair Value of Financial Instruments - Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Securities available-for-sale, fair value $ 1,250,938 $ 612,847
Fair Value, Recurring [Member]    
Securities available-for-sale, fair value 1,250,938 612,847
Equity securities 19,287 20,092
Derivatives - interest rate contracts 16,074 37,398
Total assets 1,286,299 670,337
Derivatives - interest rate contracts 704  
Total liabilities 704  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Securities available-for-sale, fair value 182 171
Equity securities 10,073 9,739
Derivatives - interest rate contracts 0 0
Total assets 10,255 9,910
Derivatives - interest rate contracts 0  
Total liabilities 0  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Securities available-for-sale, fair value 1,244,244 606,150
Equity securities 9,214 10,353
Derivatives - interest rate contracts 16,074 37,398
Total assets 1,269,532 653,901
Derivatives - interest rate contracts 704  
Total liabilities 704  
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Securities available-for-sale, fair value 6,512 6,526
Equity securities 0 0
Derivatives - interest rate contracts 0 0
Total assets 6,512 6,526
Derivatives - interest rate contracts 0  
Total liabilities 0  
US Government Agencies Debt Securities [Member]    
Securities available-for-sale, fair value 391,190 84,670
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member]    
Securities available-for-sale, fair value 391,190 84,670
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Securities available-for-sale, fair value 0 0
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Securities available-for-sale, fair value 391,190 84,670
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Securities available-for-sale, fair value 0 0
Residential Mortgage-Backed Securities [Member]    
Securities available-for-sale, fair value 607,144 378,838
Residential Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member]    
Securities available-for-sale, fair value 607,144 378,838
Residential Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Securities available-for-sale, fair value 0 0
Residential Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Securities available-for-sale, fair value 607,144 378,838
Residential Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Securities available-for-sale, fair value 0 0
Commercial Mortgage-Backed Securities [Member]    
Securities available-for-sale, fair value 26,969 20,892
Commercial Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member]    
Securities available-for-sale, fair value 26,969 20,892
Commercial Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Securities available-for-sale, fair value 0 0
Commercial Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Securities available-for-sale, fair value 26,969 20,892
Commercial Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Securities available-for-sale, fair value 0 0
US States and Political Subdivisions Debt Securities [Member]    
Securities available-for-sale, fair value 212,409 122,404
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]    
Securities available-for-sale, fair value 212,409 122,404
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Securities available-for-sale, fair value 0 0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Securities available-for-sale, fair value 205,897 115,878
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Securities available-for-sale, fair value 6,512 6,526
Corporate Debt Securities [Member]    
Securities available-for-sale, fair value 12,519 4,987
Corporate Debt Securities [Member] | Fair Value, Recurring [Member]    
Securities available-for-sale, fair value 12,519 4,987
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Securities available-for-sale, fair value 0 0
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Securities available-for-sale, fair value 12,519 4,987
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Securities available-for-sale, fair value 0 0
Asset-Backed Securities [Member]    
Securities available-for-sale, fair value 525 885
Asset-Backed Securities [Member] | Fair Value, Recurring [Member]    
Securities available-for-sale, fair value 525 885
Asset-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Securities available-for-sale, fair value 0 0
Asset-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Securities available-for-sale, fair value 525 885
Asset-Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Securities available-for-sale, fair value 0 0
Other Debt Obligations [Member]    
Securities available-for-sale, fair value 182 171
Other Debt Obligations [Member] | Fair Value, Recurring [Member]    
Securities available-for-sale, fair value 182 171
Other Debt Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Securities available-for-sale, fair value 182 171
Other Debt Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Securities available-for-sale, fair value 0 0
Other Debt Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Securities available-for-sale, fair value $ 0 $ 0
v3.25.4
Note 21 - Fair Value Measurements and Fair Value of Financial Instruments - Assets Measured on a Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Commercial Portfolio Segment [Member]    
Collateral dependent loans $ 693 $ 793
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member]    
Collateral dependent loans 0 0
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member]    
Collateral dependent loans 0 0
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member]    
Collateral dependent loans $ 693 793
Commercial Real Estate Portfolio Segment [Member]    
Collateral dependent loans   2,913
Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member]    
Collateral dependent loans   0
Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member]    
Collateral dependent loans   0
Commercial Real Estate Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member]    
Collateral dependent loans   $ 2,913
v3.25.4
Note 21 - Fair Value Measurements and Fair Value of Financial Instruments - Assets Measured on Recurring Basis Using Significant Unobservable Inputs (Details) - US States and Political Subdivisions Debt Securities [Member] - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Balance $ 6,526 $ 7,122
Principal paydowns (314) (304)
Changes in unrealized gain 300 (292)
Balance $ 6,512 $ 6,526
v3.25.4
Note 21 - Fair Value Measurements and Fair Value of Financial Instruments - Quantitative Information About Significant Unobservable Inputs (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Securities available-for-sale, fair value $ 1,250,938 $ 612,847
Fair Value, Recurring [Member]    
Securities available-for-sale, fair value 1,250,938 612,847
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]    
Securities available-for-sale, fair value 6,512 6,526
US States and Political Subdivisions Debt Securities [Member]    
Securities available-for-sale, fair value 212,409 122,404
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]    
Securities available-for-sale, fair value 212,409 122,404
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]    
Securities available-for-sale, fair value $ 6,512 $ 6,526
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Valuation Technique, Discounted Cash Flow [Member] | Measurement Input, Discount Rate [Member]    
Securities available-for-sale, input 0.046 0.05
v3.25.4
Note 21 - Fair Value Measurements and Fair Value of Financial Instruments - Significant Unobservable Inputs for Assets Measured on Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member]
$ in Thousands
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Commercial Portfolio Segment [Member]    
Collateral dependent loans, fair value $ 693 $ 793
Commercial Real Estate Portfolio Segment [Member]    
Collateral dependent loans, fair value   2,913
Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member]    
Collateral dependent loans, fair value 693 793
Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | Valuation, Market Approach [Member] | Appraisals of Collateral Value [Member]    
Collateral dependent loans, fair value $ 693 $ 726
Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | Valuation, Market Approach [Member] | Appraisals of Collateral Value [Member] | Minimum [Member]    
Collateral dependent loans, rate (0.05) (0.10)
Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | Valuation, Market Approach [Member] | Appraisals of Collateral Value [Member] | Maximum [Member]    
Collateral dependent loans, rate 0.15 0.05
Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | Valuation, Market Approach [Member] | Appraisals of Collateral Value [Member] | Weighted Average [Member]    
Collateral dependent loans, rate 0.081 (0.043)
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member]    
Collateral dependent loans, fair value   $ 2,913
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | Appraisals of Collateral Value [Member] | Measurement Input, Comparability Adjustment [Member]    
Collateral dependent loans, fair value   $ 2,913
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | Appraisals of Collateral Value [Member] | Measurement Input, Comparability Adjustment [Member] | Minimum [Member]    
Collateral dependent loans, rate   (0.40)
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | Appraisals of Collateral Value [Member] | Measurement Input, Comparability Adjustment [Member] | Maximum [Member]    
Collateral dependent loans, rate   0
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member] | Appraisals of Collateral Value [Member] | Measurement Input, Comparability Adjustment [Member] | Weighted Average [Member]    
Collateral dependent loans, rate   (0.143)
v3.25.4
Note 21 - Fair Value Measurements and Fair Value of Financial Instruments - Carrying Value and Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Securities available-for-sale, fair value $ 1,250,938 $ 612,847
Reported Value Measurement [Member]    
Cash and due from banks 380,895 356,488
Securities available-for-sale, fair value 1,250,938 612,847
Restricted investment in bank stocks 54,722 40,449
Equity securities 19,287 20,092
Net loans 11,298,975 8,192,125
Derivatives - interest rate contracts 16,074 37,398
Accrued interest receivable 60,761 45,498
Noninterest-bearing deposits 2,420,397 1,422,044
Interest-bearing deposits 8,820,218 6,398,070
Borrowings 903,489 688,064
Subordinated debentures 201,864 79,944
Derivatives - interest rate contracts 704  
Accrued interest payable 12,740 9,320
Estimate of Fair Value Measurement [Member]    
Cash and due from banks 380,895 356,488
Securities available-for-sale, fair value 1,250,938 612,847
Equity securities 19,287 20,092
Net loans 11,232,658 7,980,038
Derivatives - interest rate contracts 16,074 37,398
Accrued interest receivable 60,761 45,498
Noninterest-bearing deposits 2,420,397 1,422,044
Interest-bearing deposits 8,816,234 6,387,896
Borrowings 902,908 687,273
Subordinated debentures 204,454 77,968
Derivatives - interest rate contracts 704  
Accrued interest payable 12,740 9,320
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]    
Cash and due from banks 380,895 356,488
Securities available-for-sale, fair value 182 171
Equity securities 10,073 9,739
Net loans 0 0
Derivatives - interest rate contracts 0 0
Accrued interest receivable 0 0
Noninterest-bearing deposits 2,420,397 1,422,044
Interest-bearing deposits 6,023,341 3,840,870
Borrowings 0 0
Subordinated debentures 0 0
Derivatives - interest rate contracts 0  
Accrued interest payable 0 0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]    
Cash and due from banks 0 0
Securities available-for-sale, fair value 1,244,244 606,150
Equity securities 9,214 10,353
Net loans 0 0
Derivatives - interest rate contracts 16,074 37,398
Accrued interest receivable 5,172 5,444
Noninterest-bearing deposits 0 0
Interest-bearing deposits 2,792,893 2,547,026
Borrowings 902,908 687,273
Subordinated debentures 204,454 77,968
Derivatives - interest rate contracts 704  
Accrued interest payable 12,740 9,320
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]    
Cash and due from banks 0 0
Securities available-for-sale, fair value 6,512 6,526
Equity securities 0 0
Net loans 11,232,658 7,980,038
Derivatives - interest rate contracts 0 0
Accrued interest receivable 55,589 40,054
Noninterest-bearing deposits 0 0
Interest-bearing deposits 0 0
Borrowings 0 0
Subordinated debentures 0 0
Derivatives - interest rate contracts 0  
Accrued interest payable $ 0 $ 0
v3.25.4
Note 22 - Parent Corporation Only Financial Statements - Condensed Balance Sheet (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Assets [Abstract]        
Cash and due from banks $ 92,406 $ 57,816    
Investment securities 1,250,938 612,847    
Equity securities 19,287 20,092    
Other assets 200,972 111,739    
Total assets 14,002,700 9,879,600 $ 9,855,603  
LIABILITIES AND STOCKHOLDERS’ EQUITY        
Other Liabilities 50,946 34,276    
Subordinated debentures, net of debt issuance costs 201,864 79,944    
Balance 1,573,340 1,241,704 $ 1,216,620 $ 1,178,751
Total liabilities and stockholders’ equity 14,002,700 9,879,600    
Parent Company [Member]        
Assets [Abstract]        
Cash and due from banks 55,815 36,152    
Investment in subsidiaries 1,711,901 1,276,997    
Investment securities 156 156    
Equity securities 7,514 8,654    
Other assets 1,239 3    
Total assets 1,776,625 1,321,962    
LIABILITIES AND STOCKHOLDERS’ EQUITY        
Other Liabilities 1,424 314    
Subordinated debentures, net of debt issuance costs 201,861 79,944    
Balance 1,573,340 1,241,704    
Total liabilities and stockholders’ equity $ 1,776,625 $ 1,321,962    
v3.25.4
Note 22 - Parent Corporation Only Financial Statements - Condensed Income Statement (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dividends                 $ 3,694 $ 4,349 $ 3,662
Net income $ 39,518 $ 40,976 $ (20,293) $ 20,242 $ 20,371 $ 17,161 $ 19,056 $ 17,205 80,443 73,793 87,003
Preferred dividends 1,509 1,509 1,509 1,509 1,509 1,509 1,509 1,509 6,036 6,036 6,036
Net income available to common stockholders $ 38,009 $ 39,467 $ (21,802) $ 18,733 $ 18,862 $ 15,652 $ 17,547 $ 15,696 74,407 67,757 80,967
Parent Company [Member]                      
Dividends                 47,100 45,950 50,725
Other income                 1,382 177 946
Total Income                 48,482 46,127 51,671
Expenses                 (15,120) (5,406) (6,359)
Income before equity in undistributed earnings of subsidiaries                 33,362 40,721 45,312
Equity in undistributed earnings of subsidiaries                 47,081 33,072 41,691
Net income                 80,443 73,793 87,003
Preferred dividends                 6,036 6,036 6,036
Net income available to common stockholders                 $ 74,407 $ 67,757 $ 80,967
v3.25.4
Note 22 - Parent Corporation Only Financial Statements - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net income $ 39,518 $ 40,976 $ (20,293) $ 20,242 $ 20,371 $ 17,161 $ 19,056 $ 17,205 $ 80,443 $ 73,793 $ 87,003
(Gain) loss on equity securities, net                 (1,704) (2) 117
Amortization of subordinated debt issuance costs                 645 505 1,184
Decrease (increase) in other assets                 (10,628) 8,691 (7,514)
Increase (decrease) in other liabilities                 8,110 (40,118) (9,248)
Net cash provided by (used in) operating activities                 106,398 60,700 92,891
Sales                 277,477 0 0
Net cash used in investing activities                 (186,158) 55,151 (248,038)
Proceeds from issuance of subordinated debt                 200,000 0 0
Redemption of subordinated debt                 (75,000) 0 (75,000)
Payment of subordinated debt issuance costs                 (3,725) 0 0
Cash dividends paid on preferred stock                 (6,036) (6,036) (6,036)
Cash dividends paid on common stock                 (31,956) (27,281) (25,912)
Proceeds from exercise of stock options                 0 0 96
Net cash used in financing activities                 104,167 (2,077) 129,546
Increase (decrease) increase in cash and cash equivalents                 24,407 113,774 (25,601)
Cash and cash equivalents at beginning of period       356,488       242,714 356,488 242,714 268,315
Cash and cash equivalents at end of period 380,895       356,488       380,895 356,488 242,714
Parent Company [Member]                      
Net income                 80,443 73,793 87,003
Equity in undistributed earnings of subsidiary                 (47,081) (33,072) (41,691)
(Gain) loss on equity securities, net                 (1,371) (164) 131
Amortization of subordinated debt issuance costs                 641 505 1,184
Decrease (increase) in other assets                 127 (3) 699
Increase (decrease) in other liabilities                 1,110 (122) (1,384)
Net cash provided by (used in) operating activities                 33,869 40,937 45,942
Purchases of equity securities                 (1,825) (1,533) (2,870)
Sales                 4,336 0 0
Payments for investments and advances in subsidiaries                 (100,000) 0 (32,250)
Repayment of investments and advances in subsidiaries                 0 0 32,250
Net cash used in investing activities                 (97,489) (1,533) (2,870)
Proceeds from issuance of subordinated debt                 200,000 0 0
Redemption of subordinated debt                 (75,000) 0 (75,000)
Payment of subordinated debt issuance costs                 (3,725) 0 0
Cash dividends paid on preferred stock                 (6,036) (6,036) (6,036)
Cash dividends paid on common stock                 (31,956) (27,281) (25,912)
Purchase of treasury stock                 0 (5,820) (17,497)
Proceeds from exercise of stock options                 0 0 96
Net cash used in financing activities                 83,283 (39,137) (124,349)
Increase (decrease) increase in cash and cash equivalents                 19,663 267 (81,277)
Cash and cash equivalents at beginning of period       $ 36,152       $ 35,885 36,152 35,885 117,162
Cash and cash equivalents at end of period $ 55,815       $ 36,152       $ 55,815 $ 36,152 $ 35,885
v3.25.4
Note 23 - Quarterly Financial Information of ConnectOne Bancorp, Inc. (Unaudited) - Schedule of Quarterly Financial Information (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Total interest income $ 186,340 $ 187,709 $ 146,030 $ 124,789 $ 128,033 $ 130,242 $ 130,007 $ 129,607 $ 644,868 $ 517,889 $ 490,065
Total interest expense 79,745 85,692 67,147 59,033 63,322 69,355 68,568 69,307      
Net interest income 106,595 102,017 78,883 65,756 64,711 60,887 61,439 60,300 353,251 247,337 255,106
Provision for credit losses 2,300 5,500 35,700 3,500 3,500 3,800 2,500 4,000      
Total other income 6,020 19,409 5,185 4,451 3,744 4,737 4,399 3,848      
Other expenses 56,946 58,673 73,649 39,305 38,498 38,641 37,594 37,065      
Pretax income 53,369 57,253 (25,281) 27,402 26,457 23,183 25,744 23,083 112,743 98,467 116,958
Income tax expense (benefit) 13,851 16,277 (4,988) 7,160 6,086 6,022 6,688 5,878 32,300 24,674 29,955
Net income 39,518 40,976 (20,293) 20,242 20,371 17,161 19,056 17,205 80,443 73,793 87,003
Preferred dividends 1,509 1,509 1,509 1,509 1,509 1,509 1,509 1,509 6,036 6,036 6,036
Net income available to common stockholders $ 38,009 $ 39,467 $ (21,802) $ 18,733 $ 18,862 $ 15,652 $ 17,547 $ 15,696 $ 74,407 $ 67,757 $ 80,967
Basic (in dollars per share) $ 0.76 $ 0.79 $ (0.52) $ 0.49 $ 0.49 $ 0.41 $ 0.46 $ 0.41 $ 1.64 $ 1.77 $ 2.08
Diluted (in dollars per share) $ 0.75 $ 0.78 $ (0.52) $ 0.49 $ 0.49 $ 0.41 $ 0.46 $ 0.41 $ 1.63 $ 1.76 $ 2.07
v3.25.4
Note 24 - Segment Information - Schedule of Segment Reporting (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Interest income $ 186,340 $ 187,709 $ 146,030 $ 124,789 $ 128,033 $ 130,242 $ 130,007 $ 129,607 $ 644,868 $ 517,889 $ 490,065
Noninterest income                 35,065 16,728 14,001
Interest expense                 291,617 270,552 234,959
Provision for credit losses                 47,000 13,800 8,200
Salaries and employee benefits                 111,423 90,053 88,223
Income tax expense 13,851 16,277 (4,988) 7,160 6,086 6,022 6,688 5,878 32,300 24,674 29,955
Net income 39,518 $ 40,976 $ (20,293) $ 20,242 20,371 $ 17,161 $ 19,056 $ 17,205 80,443 73,793 87,003
Depreciation                 6,087 4,422 4,503
Amortization of intangibles                 7,922 1,235 1,438
Assets 14,002,700       9,879,600       14,002,700 9,879,600 9,855,603
Operating Segments [Member]                      
Interest income                 644,868 517,889 490,065
Noninterest income                 33,361 16,563 14,131
Total segment income                 678,229 534,452 504,196
Interest expense                 276,750 265,314 229,789
Segment net interest income and noninterest income                 401,479 269,138 274,407
Provision for credit losses                 47,000 13,800 8,200
Salaries and employee benefits                 111,423 90,053 88,223
Other segment items* [1]                 116,575 61,590 55,613
Income tax expense                 32,300 24,673 29,955
Net income                 94,181 79,022 92,416
Depreciation                 6,087 4,422 4,503
Amortization of intangibles                 7,922 1,235 1,438
Assets 13,993,791       9,870,788       13,993,791 9,870,788 9,848,491
Total expenses for segment assets                 584,048 455,431 411,781
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member]                      
Assets $ 8,909       $ 8,812       $ 8,909 $ 8,812 $ 7,112
[1] Other segment items for consolidated bank include expenses for occupancy and equipment, FDIC insurance, professional and consulting, marketing and advertising, merger expenses and other expenses.